Lots of different opinions on what fixed rates are doing, and what you should do with either a new mortgage or a part of your mortgage that you need to refix; these options are more important during times of high inflation.
The current rate for 1 year fixed is 4.95% and the floating rate is around 6.75%
The main thing when deciding what to do with your rates is your personal situation, how you get paid, and what your plans are for the property.
Having a mortgage broker who understands your situation is super helpful with this.
So would being able to tell the future, but that is not possible, we can only recommend the best way to reduce the risk going forward by setting up your mortgage structure in a certain way.
This podcast covers what we think you should do during this economic time and covers a bit of background as to why the interest rates are at today's levels.
