The Australian economy is performing strongly by comparison to developed world economies, and much of this is due to our low unemployment rate combined with strong commodity demand and record prices which are largely influencing inflation.
We are currently also witnessing a softening in the property market due largely to expectations that the reserve bank will increase interest rates later this year and again into 2012.  However, the softening of the property market and therefore the slow down in mortgage lending has resulted in fierce competition amongst lenders to lure customers.  Recent moves by lenders to reduce some of their fixed rates to be close to current variable rates now brings the fixed rate product into focus.
If you are looking to limit your exposure to possible future rate rises, now appears the time to consider locking in part or all of your loan.  If this is something you are considering, give us a call so that we can discuss your options.  Don't leave it until it is too late.