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Current vs five-year average

Thursday, March 25th 2010, 1:22PM

At the moment with the general consensus around the forecasted OCR rate rising starting in June this year, there is suggestion that fixing for a short-term or floating is a matter of tossing a coin.

The above graph show the five-year average rates across the board for all major banks compared with the rates from 12-months ago and today with the emphasis on the clear advantage of floating and short-term rates.

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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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