Did you know Fixed Rates are reducing? What does this mean?

Have you heard about lenders dropping their fixed rates lately? But what does that really mean for you and your mortgage? While we are not predicting rates, we are letting you know they have started to reduce. How long for and what this means is still yet to be determined.


📉 What’s the Deal with Fixed Rates? Here’s the scoop: Fixed rates are like a safety net. They’re set by lenders who try to predict where the market’s heading. When they drop fixed rates, it’s like a clue about what might happen next.

💭 Thinking Ahead: Imagine this: If lenders have started to reduce their fixed rates, could it be because they think the variable rates might also drop soon? It’s like they’re betting on borrowers getting a better deal down the road.

💡 Time to Reconsider: So, should you jump on that slightly tempting fixed rate offer? Maybe, but think it through. Fixed rates lock you in for a few years. What if the variable rates end up even lower? You could miss out on a better deal during a possible reducing rate market ahead.

🔍 Recent Rate Drops: In the past 30 days, several lenders have reduced their fixed rates, including:

  • Macquarie Bank
  • My State
  • AMP
  • ME Bank
  • Bank of Queensland
  • Adelaide Bank

We’ve got your Back : Navigating the complexities of mortgages can indeed be daunting. That’s where our expertise comes into play. Our team is well-versed in the intricacies of mortgages and can guide you through the process.

Sometimes, fixed rates are the optimal choice for borrowers, providing stability and predictability. Other times, a combination of fixed and variable rates, or even opting for entirely variable rates depending on the current interest rate environment, may be more suitable.

We strongly advise obtaining comparisons and thoroughly understanding the available options, along with their implications for you.

It’s important to note that while we can offer informed guidance, predicting future interest rates is inherently uncertain. Therefore, staying informed and regularly reviewing your mortgage strategy is key to ensuring you’re making the most advantageous decisions for your financial well-being.


💬 Let’s Chat: Ready to dive into your options? Reach out to us, and we’ll walk you through everything you need to know. Together, we’ll find the path that’s right for you. Remember, understanding your mortgage options is the first step toward financial peace of mind.

Talk to us now