When is the best time to lock in a fixed rate?

August 06, 2014
Glen Voss

With interest rates at record lows, it would seem now is an ideal time to fix.

However, there are other things to consider before locking your rate such as loan features including redraw and offset accounts, which often aren’t included with a fixed rate loan.


Extra repayments are often capped to a fixed amount or portion which may not suit some borrowers.


It’s critical to consider personal plans when fixing. If you plan to move in, say, three years, it’s unwise to lock into a 5-year fixed term as break charges can apply if you bail out of a fixed loan early.


Talk to me to be sure fixing is the right option for you now and in the future.


Posted in: Interest rates

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