Feature article
Mortgage rate decisions a key theme for 2025
To fix or not to fix
AI summary
Borrowers are currently favouring short-term fixes and floating rates to capitalise on falling mortgage rates. Only 10% of new loans are now fixed for over a year, a significant drop from 51% a year ago.
The key question for 2025 is when borrowers will see value in longer-term fixed rates again. Experts suggest these rates may not fall much further, as future Reserve Bank policy changes are likely already priced in. Lending activity is expected to grow.
However, there are a number of other interesting aspects to these figures:
Which brings us to the key question facing borrowers: to fix or not to fix?
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