The crystal ball is broken

If you’ve been following the news, you may have seen one well-known economist predicting that interest rates are going to rise.

At the same time we’ve seen banks dropping their rates.

What on earth is going on?

If the last few years have taught us anything, it’s that nobody knows what interest rates are going to do. No one has a crystal ball – or if they do, it’s not giving reliable views of the future.

In the face of this, our advice is simple.

You should do what's right for you.

If it’s time to refix your loan, maybe lock in the rate that works best for your requirements. Beware of hanging back to see if rates will go down, because you could end up paying more.

On the other hand, if you can afford to be flexible, maybe you could float part of your loan and keep some options open.

It all depends on your personal circumstances and financial goals. Whatever they are, we will work with you to tailor your loan arrangements.

You don’t need a crystal ball. Just a conversation with us.