Is now a good time for a fixed rate home loan?
Australian home loan borrowers traditionally favour variable rate mortgages. However, investors are more likely than owner-occupiers to choose a fixed rate home loan.
Even when interest rates are at historically low levels like they are at the moment, Australian home loan borrowers still favour variable rate loans by a ratio of about four to one.
Some economists believe that interest rates could go even lower while most believe that rates will stay steady for the foreseeable future.