Is it time to fix my home loan rate?

Demand for fixed-rate home loans is rising and is now stronger than at any time in the last 12 months according to home loan approval data from a major mortgage aggregation group.

Fixed-rate home loans now account for about 23.62 per cent of all new home loans, – up from 19.44 per cent in December 2015.

Home loan interest rates are volatile and consumers may be unsure where rates are headed. Fixed rates can deliver certainty and are often set lower than current variable rates.

Source: The Adviser