{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/bb992b9a4ac14e88868e2fc76dbb2026\" frameborder=\"0\" width=\"1728\" height=\"1296\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1296,"width":1728,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1296,"thumbnail_width":1728,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/bb992b9a4ac14e88868e2fc76dbb2026-624e11b9f36bd997.gif","duration":471.437,"title":"Should I Fix? June 17th Edition","description":"This Loom compares variable rate expectations with fixed-rate options over 1 to 5 years using Westpac forecasts to gauge how each could perform if the forecasts play out. The speaker notes banks have been wrong on prior forecasts and expresses doubt about Westpac’s expectation of two rate increases in August and September, suggesting rates may rise at most once and cuts could start early next year. Key cited fixed rates include 6.19 percent for a 1-year fixed versus 5.99 percent variable, with a 680,000 loan costing about 46,800 interest on variable versus 45,300 on fixed in year one. For 2-year fixed, the cheapest mentioned is 6.14 percent, and for 3 years 6.09 percent, with longer terms (4 to 5 years) at about 6.29 percent, potentially costing roughly 8,000 over four years or 13,000 over five years. The speaker concludes that longer fixed periods may be worth only if you need repayment certainty."}