99 Interest Rates - Fixed vs Variable

Interest rates have been at record lows but now it appears that interest rates are heading north. In this episode, we discuss the latest news on why interest rates are increasing, what the banks are predicting and how much they are expected to increase by the end of 2022. So with interest rates rising, fixing your mortgage interest rate becomes an important strategy to consider. With new fixed-rate offers recently jumping much higher, we talk through the questions worth asking yourself if you have been weighing up staying on variable or fixing your rates. Even if you are on a fixed rate, it is only a temporary reprieve. The more time you give yourself to prepare for higher interest rates,  the better your chance of avoiding any financial pressures.