Just wondering if someone could tell me what the interest rates are down to after today?

I've been on a fixed rate for the last 3.5 years so haven't been taking much notice of the rates until I heard they are extremely low... Maybe time to get out of my fixed term early if so??

Thanks

Edited February 3, 200917 yr by 03XR6T

It varies from financial institution as they have their own margins. The offical reserve bank rate as of today is %3.25, but what your bank does will differ.

There are some faily good gurus in this area that will be along soon I imagine.

I.B.

Edited February 3, 200917 yr by Iconic Bionic

dunno, all I have heard is westpac passed on the full 1%. if nab does the same mine will be @ 5.75% or something like that.

WestPac have passed on the full 1% drop on their rates, how ever I'm not sure on the exact figure as yet.

Wait until the end of the year, rates are tipped to be as low as 1.5% from the RBA.

ANZ better pass it on. Those arseholes charged me $80 in fees last month just from my offset account! (Yes, I know it's my fault...)

bankwest are around 6%. there honeymoon rates are lower than that, and they have 2 year fixed @ 5.19%

that's just from their website, and it probably doesn't include todays changes. they are slow off the mark to pass on interest rate cuts, not so slow when it comes to hikes though surprisingly!!

hhhmmm - consider this - Rudds hand out today... country in the red (soon enough)... 1+1 will make them rise again very soon IMO...

Iv just been approved finance on a mortgage and if my lender drops the full 1%, mine will be down to 4.49 or 4.69%.

Bear in mind I havent settled on the place yet so Im not paying anything off it yet!

Anyone with Member's Equity??