Mortgage Re-Fixing in 2021 / Ep 176 / Darcy Ungaro

If you want an answer from me around 'How Long Should I Fix my Mortgage For?', this is not the episode you're looking for I'm afraid. Instead, I'm sharing a framework here for how you may wish to go about thinking about this decision.

My opinion pertaining to interest rate expectations, like anyone's really, is absolute garbage. Luckily, knowing which way things are going is not what's important anyway - instead, it's more about understanding  your world in the context of a wider world, that makes all the difference. 

In this episode, I'm trying to share a framework of understanding of sorts so you can make a better decision next time you're thinking of fixing an interest rate. Please note that any comments made about current events that could shape the direction of interest rate movements are for illustrative purposes only and should not inform your decisions. It's an absolute possibility, perhaps even a certainty, that rates could increase shortly. Again, don't use this episode to make a decision on - I'm trying to teach you how to think about this, not what to think (dare I say the government hates competition here!)

Learn more about inflation and how the Reserve Bank may respond to it on Ep 172 with Sharon Zollner 

Learn more about modern monetary theory and inflation here on Ep 148 with Oliver Hartwich. 

If you'd like to understand how the global financial system works, as explained by Simon Dixon

If you'd like to hear how retail banks create money out of 'thin air' by Richard Werner 

As mentioned in the show, the best advice I'll ever give you on a show which 'isn't financial advice', is to get real financial advice whenever you can. Getting advice when you re-fix your mortgage is the most common-sense place to start.

If you want to be connected to a mortgage adviser in your area, use this link courtesy of Financial Advice NZ - Find an Adviser

As mentioned in the show, if you want to make a time with Darcy Ungaro, for an 'initial consultation' to discuss anything to do with mortgages or property, book a time here. 

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