If you have been watching the news lately, you have probably noticed a pattern. Major banks have been quietly lifting fixed interest rates again. Not by huge amounts, but enough to get people talking.
When several banks move fixed rates higher at the same time, it usually sends a message. They believe interest rates are more likely to stay higher for longer, rather than fall quickly.
That leads to the question we are hearing every day.
Should I fix my interest rate now?
The honest answer is not exciting, but it is important. It depends on your situation.