Finance & Fury Podcast

Welcome to Finance and Fury Today we have Jayden with us, and we will be talking about Interest rates. The first Tuesday of every month, the RBA releases the updates on the cash rate. The markets currently appear to be going down, and the cash rate reflects a negative trend. The markets show that it will gradually reduce from 1.5% to 1.25% in August and in 2020 down to 1%. Fixed Interest Rates are HUGELY popular right now. And they’re only going to become more popular if interest rates continue to go up. The question is: How do you know if fixed rates are for you? Or if now is a good time to fix?    Fixed Rate Basics Fixed interest rates (also known as fixed rate home loans) are interest rates that will not change for a period of time, usually between one to five years. Variable rates can move up, and down depending on a range of factors – fixed interest rates remain static, giving you certainty on the repayment of your loan.   Why you might Need Fixed Interest Rates Fixed interest rates are a way to reduc