Mortgage rates rising at a 'startling' pace: Here's the reason why, and what you should do about it

Jack Needham
By Jack Needham
Updated November 18 2021 - 12:27am, first published November 17 2021 - 11:30pm
First home buyers Georgia and Aaron Di Noia recently had to decide whether to sign up to a fixed rate mortgage now or wait and see what happens to rates in 2022. Picture: Supplied

Major banks are changing their fixed mortgage rates at a "startling" pace and, in bad news for new borrowers or those refinancing, one expert say the only way is up.

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Jack Needham

Jack Needham

Property News Editor

Jack has been writing about real estate since 2015, covering residential and commercial property markets throughout Australia for the likes of Smart Property Investment and Domain. He has also spent time in the United States researching real estate trends, with a focus on housing affordability issues, for the California Association of Realtors.

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