Browse Forums Home Finance Re: WBC lifts fixed interest rates 2Apr 20, 2009 1:32 pm hmm, i hope the rates dont increase too much before our house is built... i was hoping to lock in a big chunk at a good fixed rate. Blog - http://snakedr.blogspot.com/ Build Thread - viewtopic.php?f=31&t=12084&p=307406#p307406 Status - PCI 15/10. Things nearly done. Re: WBC lifts fixed interest rates 3Apr 20, 2009 1:55 pm billdsl hmm, i hope the rates dont increase too much before our house is built... i was hoping to lock in a big chunk at a good fixed rate. Same. Building with PD - Regent 23 Cascades on Clyde Estate HomeOne Building Thread - PCI Completed - 28th August. Handover - 11th September. Re: WBC lifts fixed interest rates 4Apr 20, 2009 9:59 pm i reckon banks are just playing mind games.. they are anticipating RBA to make more cuts and want people to fix their loans now.. anyway this is just my opinion.. fix or stay variable is up to you.. do what you think is best for yourself.. Re: WBC lifts fixed interest rates 5Apr 21, 2009 8:23 am oreo i reckon banks are just playing mind games.. they are anticipating RBA to make more cuts and want people to fix their loans now.. anyway this is just my opinion.. fix or stay variable is up to you.. do what you think is best for yourself.. All good to say that, but the banks didn't even really pass on the last RBA cut, so what difference will more cut's make? 'A bottle of wine contains more philosophy than all the books in the world.' Louis Pasteur Vegie garden: viewtopic.php?f=19&t=27637&start=0 My Backyard Adventure west sydney mortgage broker 6Apr 21, 2009 3:32 pm lisanne All good to say that, but the banks didn't even really pass on the last RBA cut, so what difference will more cut's make? I think the RBA has got that message loud and clear from the banks already. The home loan rates have already started going in the opposite direction. It took me three weeks for a bank to honour my customer's 0.7% discount off the standard variable rate. These used to be handed out automatically. Re: west sydney mortgage broker 7Apr 21, 2009 11:38 pm thlo lisanne It took me three weeks for a bank to honour my customer's 0.7% discount off the standard variable rate. These used to be handed out automatically. Could the slower timing also being due in part to the sheer volume of loans coming through, and the greater market share of loans held by the big banks making them less competitive on rates than they were a couple of years ago? Re: WBC lifts fixed interest rates 8Apr 22, 2009 2:27 am Actually the delay was due to the reluctance to honour the discount and had nothing to do with the volume keeping them busy. It's just a staff decision made according to bank pricing policy, normally given instantly. Re: WBC lifts fixed interest rates 9Apr 22, 2009 7:54 am But the greater market share that banks now have, combined with the volume of loans coming through now and the stricter lending guidelines have been key to them changing their lending policies - hence some discounts that were readily given to many people 12 months ago are not offered to everyone any more and are taking more negotiation to actually get now. Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 20248 So AFAIk the outcomes of the BAL ratings form part of a clause that allows them to pass these costs on to you. However the more relevant detail is how did it go from 19… 1 11252 |