Choosing between a fixed or variable rate isn’t just about market trends - it’s about what suits you.

A fixed rate offers stability and peace of mind, especially for first home buyers. Your repayments stay the same, making it easier to budget and adjust to life with a mortgage.

A variable rate, on the other hand, gives you flexibility. You can benefit if rates drop, but you’ll need to handle changes if they rise.

In the end, it comes down to your comfort level - do you value certainty or flexibility? Some even choose a mix of both to balance security and opportunity.