As fixed-rate home loans decline, is it time for homeowners to secure their rates?

30

Since April 1, a total of 30 lenders have lowered their fixed-rate home loans in anticipation of a market interest rate cut. This raises the question: should existing homeowners consider switching their loans at this juncture?

According to Effie Zahos, Money Editor at Nine, the decision to adjust home loans is a personal one that varies from individual to individual. Each homeowner needs to assess their own financial situation before making any changes. For further insights, viewers can refer to Zahos’s advice presented in the accompanying video.