So, what was in the Tiffany & Co box?

Both Mark & Meryll and Simon & Chelsea won a Tiffany’s Ice bucket along with some champagne to christen it.

Thanks for all those that participated in the Mortgage Force 50,000th client promotion, we look forward to similar promotions in the future.

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Industry News

Interest Rates

It looks as though the RBA is in for a quiet year if you believe what the market analysts are saying. Most are predicting interest rates will remain at current levels until 2008. This is due in part to low inflationary pressure but even if this was reversed later in the year it is highly unlikely the RBA will move rates close to or during a Federal election campaign.

Last week's Federal Budget has also been well accepted by the markets who were fearful a big spending budget might lead to a surge in consumer spending and therefore inflation. However most expenditure was directed towards non-consumables and is therefore seen as being financially responsible, especially in an election year! This means most interest rate activity will be focused on fixed rates and we expect to see some pretty attractive rates in the near future as the majors fight for market share.

In fact even as we write this we are receiving word that a number of lenders are already announcing reductions in their 1 to 3 year fixed rates.

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