Jun 2, 2026 – 12.00amDear Ms Wise, we are about to borrow $1 to $1.3 million at a 5.99 per cent interest rate. This is a good rate according to our research, but I’m wondering whether we should fix half our loan given global uncertainty. Our broker tells us future potential rate rises are built into bank fixed loans and that we’re better off staying with variable – particularly since our cash flow could handle a couple more rises, although not the 17 per cent my parents remember from the 1980s and 1990s. Amit A: Deciding whether to fix your mortgage rate should not solely be a bet on what you think the Reserve Bank of Australia (RBA) will do, says Sally Tindall, director of data insights at consumer finance research house Canstar.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles