Homeowners face rising fixed mortgage rates, consider 'half-fix' strategy

Homeowners are warned it may be too late to secure favorable mortgage rates, as lenders raise fixed rates. Currently, a competitive two-year fixed rate of 5.49 percent is available from Cairns Bank, but homeowners may find better savings with variable rates. A recommended strategy is a 'half-fix' to balance savings and potential rate changes.

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Summary by Glance · Original reporting by SMH