Banking

It seems in 2010 interest rates may keep rising. Do you think its a good idea to fix your mortgage, keep it variable while rates are still relatively low, or do a bit of both? Tanya, Epping, NSW

If you haven’t fixed your home loan interest rate by now you’ve probably missed the boat. You get the best deal on a fixed rate when the Reserve Bank is cutting official rates or is on hold. When interest rates are rising, like they are now, banks set fixed rates well above their variable rates to cover future hikes by the RBA.