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fixing interest rate

August 10th, 2009 at 12:34 pm

Sorry I have not posted much this week. Things have been a bit busy, life has been happening, and I have been rather distracted by some other websites currently. However!

I do have some news.

On Thursday I am going into the bank after work to fill out the papers to fix the rate for some of our mortgage.
I am thinking 50% (approx $150k) for 5 years. The fixed rate for 5 years is 6.49%. Our variable rate is 5.21%. We can only pay $10k extra for the term on the fixed portion, which is why we want some left at a variable rate. I don't foresee us paying more than 150k in extra repayments in the next five years... would be nice though! but i doubt it...
Anyway. They are calling the Australian economy the 'miracle economy'. Big Grin

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