Feature article
Mortgage rate decisions a key theme for 2025
To fix or not to fix
AI summary
A key theme for homeowners is deciding between short-term and long-term fixed mortgage rates. Currently, most borrowers favour short-term fixes or floating rates to benefit from falling interest rates, with only 10% of new loans fixed for over a year.
The main question is when borrowers will see value in locking in longer-term rates again, as these may not fall much further. This comes as overall mortgage lending activity increases, driven by house purchases and bank switches.
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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