Ask Kevin Young Episode 61 - Plunging Interest Rates

In today’s episode I’ll answer a very important question from Rob about interest rates. He’s been hearing it’s time to get a fixed rate. Are interest rates going to come down further or go up?

You all know what I think about banks, so if they’re saying to lock in your interest rate, then I say it’s smart to do the opposite.

The RBA has figured out that in order to stimulate more borrowing and stop inflation they will need to lower interest rates.

Fixing for a shorter period, say one or two years can be a good idea in the right circumstance. But, I would advise seeing a club broker to get specific advice for your situation if you’re thinking of doing this.

Check out the episode for all my thoughts and opinions on interest rates!

Regards,

Kevin Young