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Latest Financial Planning News

Is it time to fix your mortgage interest rate?

Choosing between a variable or fixed rate mortgage is always a gamble but by examining a range of economic variables it's possible to shift the odds in your favour, as this in-depth analysis from Investor Partner Group highlights.

Fixed rate vs variable rate mortgage sign next to model house.
Investor Partner Group provide an astute analysis of the variable versus fixed rate loans in the current economic environment.

Should homeowners and investors fix their mortgage rate, given that the RBA is now set to raise the cash rate substantially over coming months?

The answer to that urgent question depends on another question – is inflation temporary, or will it continue?

If the economic factors driving the demand for goods and services up and driving supply down — such as high government spending, low interest rates, high commodity prices and supply chain issues…