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Brokers lukewarm over ‘record-low’ fixed rates

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Australian Broker | 03 Oct 2012, 07:00 AM Agree 0
An Australian Broker Online poll reveals mixed feelings from brokers over the ‘record low’ fixed rates
  • Incognito | 03 Oct 2012, 10:16 AM Agree 0
    Does anyone know if we actually can recommend fixed or variable?

    Does that become financial advice, or as (MFAA) Credit Advisors / ACL holders can we now make these recommendations?

    I'm still hesitant to 'steer' the client on fixed vs variable.
  • Peter | 03 Oct 2012, 01:46 PM Agree 0
    As a Broker I need to look at teh COmparison rates. It has been interesting to note that 1-3 fixed rates are invariably higher than some variable rates! Why would I recommend them to my clients when the objective is to save money?
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