video1.0<iframe src="https://www.loom.com/embed/f03b0527e491413e9e1ee22d8cdf94c6" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/f03b0527e491413e9e1ee22d8cdf94c6-d5135a0ea26ea8ea.gif590.124G’day and welcome to this May edition of Should I Fix. I look at current loan interest rates versus major bank forecasts, treating fixing like an insurance policy for peace of mind. Using a $680,000 loan for 30 years, variable at 5.89 gives about $46,520 interest in the first year, while a fixed rate at 6.04 is about $44,226, around $2,294 cheaper if further rises are expected. My view is we may see another RBA increase, so fixing for around a year may make sense, but longer fixes are harder to justify. There was no action requested, but if you have questions, reach out.