‘Fixed or variable’ by Paul Clitheroe

The Reserve Bank may be taking a hiatus from its run of rate cuts, but with official interest rates already at a 49-year low, many homeowners may be wondering if they should fix their home loan interest rate now, or wait and see if rates fall further in the future.

On the plus side, fixing your loan rate provides certainty of repayments and the protection from future rate hikes for the duration of the fixed term.