Q: Last year the bank cut the rate on our home loan from 4.72% to 4.25% - at the time we were very happy but can I ask if our rate is too high and is now a good time to be looking at fixing some of the loan?
A: Hi Cathey,
If it’s owner occupied, yes you are paying higher interest rate.
Regarding fixing the loan amounts, it depends in your cash flow & other debts. If everything is good then you can think of splitting the amount.