to fix or not to fix

[RepSpec]

as a new home owner and first home owner only recently we decided to go a variable rate with our mortgage.

now with a couple of cuts and the last rise it seems that the big question now is to lock in a fixed rate, or stay with the variable.

i know a lot of factors come into this such as economy and other things in the world. but what are peoples opinions and are you thinking of changing?

comfortably we could stand a few more possibly another 1% on top of what we currently are, so while its "lower" at the moment locking in might be a good move.

[FG_Frodza]

Stay variable IMO, I faced the same issue last year.

Interest rates have to rise significantly over the next 3 years for you to end up being better off with the fixed rate these days.

[trippytaka]

All of my mates in banking are telling me to factor in mortgage rates around 9-10% within three years.