Market Update27 July 20264 min read
Interest rates are set by lenders and influenced by the Reserve Bank of Australia's cash rate decisions. When rates move, your repayments can move too, depending on your loan type.
Variable rate loans change as rates change, which means repayments can rise or fall. Fixed rate loans lock in a rate for a set period, giving you certainty on repayments during that time.
Many borrowers use a split loan, fixing part of the loan and leaving part variable, to balance certainty with flexibility. There is no single right answer, and the best mix depends on your goals and risk comfort.
If you are unsure where you stand, a quick review of your current rate against what is available across our lender panel is a good place to start.