Shifts in Interest Rates and What It Means for You
While the official cash rate has remained stable, there have been some notable changes in the lending market recently with fixed rates getting slashed.
Several lenders have reduced their fixed rates by up to 1% in some cases, signalling potential movement to come in the market.
Historically, when fixed rates start to drop like this, it can be an indication that variable rates may follow suit in the near future.
Deciding whether to lock in a fixed rate or stick with a variable rate depends on several factors. While lower fixed rates may seem tempting, they might not always be the best option for the long term.
Mitch Cleary is available to discuss these options with Allan Hall clients (alongside their accountant) to ensure the most suitable financial decisions are made.
If you’d like a free review of your current setup or have any questions, don’t hesitate to reach out!