Will Interest Rates Go Down in August 2012?
My rationale about predicting whether or not interest rates are going down in the near future is not particularly complex. You can read my reasons here. Essentially it revolves around which direction fixed rates are heading. It’s simple, but it works! So what will rates do this month?
My Interest Rates Prediction
I think we are going to see rates go down by 0.25%. I have been bombarded with emails of lenders dropping their fixed rates, so I think the odds are high that we will get a drop this month.
That’s my guess, we will see what happens! There is another question worth asking here. Should you fix now or not and what are the right reasons to fix your loan? Have a read of these articles if these questions relate to you!
Article by James Parnwell
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