Fixed rates: Have I missed the boat ??

2022-06-22

Well the interest rate talk has been going on for a couple of months now. As we expected the banks are well under way moving their variable rates and at times like this the question gets asked around fixed interest rate loans. "Should I be locking my rate in???" Unlike variable rates loans you have to pick a time frame to fix for, generally you'll have the options of 1 to 5 years and the rates will vary between these timeframes. Plus you'll lose some flexibility. Its a big question and like everything we talk about on the show, there's a expert to help you. I ...

Well the interest rate talk has been going on for a couple of months now.

As we expected the banks are well under way moving their variable rates and at times like this the question gets asked around fixed interest rate loans.

"Should I be locking my rate in???"

Unlike variable rates loans you have to pick a time frame to fix for, generally you'll have the options of 1 to 5 years and the rates will vary between these timeframes. Plus you'll lose some flexibility.

Its a big question and like everything we talk about on the show, there's a expert to help you.

I called my buddy Christopher Jonson from 'My Finance Agent' and tapped into his 20+ years of straight-down-the-line knowledge.

Is there a good time to be fixing?
Is there a strategy ?
What doesn't the bank tell you about fixing?
What happens when your fix rate ends?
Can I get out of a fix rate early?

Christopher Jonson started 'My Finance Agent' in 2014 after 15 years’ experience in the financial services and insurance industries. He's built an ethical, independent loan broking service centred around helping clients.

My Finance Agent

(02) 8313-8400

info@myfinanceagent.com.au

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