Are We at the Bottom of the Interest Rate Cycle?
- Judy Clarke
- Feb 4
- 1 min read
From what I’m hearing on the ground, the lowest mortgage rates are likely behind us. Over recent weeks, several of the major banks have begun lifting their longer-term fixed rates — often one of the earliest indicators that the rate cycle may be turning.
While short-term rates may hold steady a little longer, the landscape is already shifting. Six-month rates have remained relatively stable so far, but we’re seeing clear upward pressure on 3–5 year fixed rates. That tells us lenders are factoring in the possibility of higher costs ahead.
For buyers, certainty is becoming increasingly important. With ongoing uncertainty around interest rates, many are choosing to lock in fixed rates — particularly for longer terms — to provide confidence and clarity around their repayments. Knowing exactly what your mortgage will cost each month can make a big difference when making such a significant financial decision.
Whether you're buying, selling, or simply considering your next move, understanding your lending options is a crucial part of navigating today’s property market. The right advice and preparation can help you make informed decisions and move forward with confidence.
If you’d like to understand what today’s lending environment means for you, please get in touch. I can walk you through your options, explain how different rate structures may impact you, and help you put a plan in place that suits your goals.
