To float or fix long (or short)?

Deciding whether to fix or float your mortgage is increasingly complex. While short-term rates were popular, Reserve Bank data now shows a split, with more borrowers considering longer-term fixed rates for certainty as the Official Cash Rate may be nearing its lowest point.

This creates a dilemma: pay more now for a potentially lower future rate, or lock in a longer term for stability? First home buyers are actively using low-deposit loans, though some individuals face challenges with new debt-to-income (DTI) limits.