
Why locking in a fixed rate home loan now could be a smart money move
The RBA recently made its first cut in four years and many banks followed suit. But while a lower cash rate is good news for borrowers and homeowners, the RBA board was quick to point out there’s no certainty we’ll see another drop anytime soon. So if you’re looking to lock in a great home loan deal, now might be the time to consider a fixed rate as many challenger banks have highly competitive short-term deals available.
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