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To fix or not to fix?

Interest rates have just dropped to the lowest they have been in decades, and there is talk they may yet go lower. So it is seriously tempting to take advantage of the situation and lock in a new low rate for your home loan. But is that the right thing for you to be doing, right now?

Before you make up your mind, take a look at ASIC’s MoneySmart website, which offers an unbiased look at things to consider, such as advantages and disadvantages, some hidden traps and a few alternatives.