Australian Politics Forum - Interest rates rise a 3RD time this month:(

Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Interest rates rise a 3RD time this month:( Nov 16^th, 2021 at 11:31am https://au.yahoo.com/finance/news/westpac-raises-rates-for-3rd-time-in-a-month-2... Just glad I got in and fixed all my interest rates for 3 years. Lord knows where things will be at after that.
Back to top	If I let myself be bought then I am no longer free. HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415) IP Logged

Valkie

Gold Member

Offline

Australian Politics

Posts: 16138
Central Coast
Gender: male

Re: Interest rates rise a 3RD time this month:(
Reply #1 - Nov 16^th, 2021 at 4:47pm

You can't say it's unexpected.

Interest rates could not remain low forever.
They have been low for a very long time.
Us self funded retirees have been living with record low interest rates for years.

What goes around.
The US interest rates have been on the rise for a while and we usually follow suit.

As interest rates rise, hopefully so will retiree investments.

Back to top

I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU

IP Logged

Jim Lahey Gold Member Offline Australian Politics Posts: 2447 Lisa's Merc Gender:	Re: Interest rates rise a 3RD time this month:( Reply #2 - Nov 16^th, 2021 at 5:55pm Lucky both of you are on the dole and will get paid regardless
Back to top	IP Logged

issuevoter Gold Member Offline Australian Politics Posts: 9200 The Great State of Mind Gender:	Re: Interest rates rise a 3RD time this month:( Reply #3 - Nov 17^th, 2021 at 8:38am Its about bloody time too. If near zero interest rates continue, people will start believing its their "right."
Back to top	No political allegiance. No philosophy. No religion. IP Logged

Valkie Gold Member Offline Australian Politics Posts: 16138 Central Coast Gender:	Re: Interest rates rise a 3RD time this month:( Reply #4 - Nov 17^th, 2021 at 8:44am Jim Lahey wrote on Nov 16^th, 2021 at 5:55pm: Lucky both of you are on the dole and will get paid regardless Got it wrong.......again. Im a self funded retiree, living off my super. But you wouldnt kmnow about that being a grade school dropout and dole bludger eh?
Back to top	I HAVE A DREAM A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM. A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM. SUCH A WONDERFUL DREAM O HOW I WISH IT WERE TRU IP Logged

rhino

Gold Member

Offline

Australian Politics

Posts: 17179
Gender: male

Re: Interest rates rise a 3RD time this month:(
Reply #5 - Nov 17^th, 2021 at 11:25am

Of course interest rates will go up eventually , theres no great feat in forecasting that. Banks are reassessing risk based on new government guidelines, at this stage its possible to discount your rates still. I got a 3/4 percent decrease from CBA about 3 weeks ago. Its the people who are highly leveraged who the banks are shafting atm. If the bank is putting your rates up at the moment then thats a message that you are higher risk.

Back to top

IP Logged

Lisa Jones

Gold Member

Offline

Australian Politics

Posts: 39047
Sydney
Gender: female

Re: Interest rates rise a 3RD time this month:(
Reply #6 - Nov 18^th, 2021 at 9:39am

rhino wrote on Nov 17^th, 2021 at 11:25am:

Of course interest rates will go up eventually , theres no great feat in forecasting that. Banks are reassessing risk based on new government guidelines, at this stage its possible to discount your rates still. I got a 3/4 percent decrease from CBA about 3 weeks ago. Its the people who are highly leveraged who the banks are shafting atm. If the bank is putting your rates up at the moment then thats a message that you are higher risk.

What are you on about?

If you're an investor then your interest rates went up a month ago (irrespective of your LVR ratio) along with decreasing borrowing capacity thanks to tighter lending criteria.

All while the Reserve Bank has held its rate at 0.1%.

You do realise what this means .... yes?

Oh hang on .... you probably have SFA idea because you're that liar who wrote some BS about being offered $3 million by a BANK on a totally unsecured basis? 😂🤣😆

Back to top

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

IP Logged