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Will interest rates continue to go down?

Recent news is all about banks bringing interest rates down. If you have a mortgage, this is great news for you, but you're probably still thinking... will rates continue to drop? You may be wondering if now is the time to fix or if you should take a chance and wait a bit longer.

Economists and industry commentators are trying to predict what will happen. Some say the trend will continue while others think it might change fast. So the fact is, we don't know what will happen.

Our recommendation is to mitigate risk by not having all your eggs in one basket. By having a mix of floating and fixed rates with different maturity dates you can have the best of both worlds.

Remember that having a lower interest rate is not the only way to save money. There are other things you can do to repay your loan faster.

Still not convinced? Contact us.