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The Guardian - AU
The Guardian - AU
National
Kat George

Should you fix your mortgage rate? Experts weigh in on rising repayments

Real estate sign outside a house in Sydney
Property buyers can choose to have a fully fixed mortgage, a fully variable mortgage, or a mix of both when it comes to interest rates on loans. Photograph: Lisa Maree Williams/Getty Images

The Reserve Bank of Australia’s decision to lift the cash rate this week has been unsurprisingly controversial.

Rising interest rates are putting many homeowners in a precarious position. If you have a mortgage, chances are you’re going to feel the pinch, and you might also worry about how you’ll meet your repayments if rates continue rising.

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