Are you ready for mortgage rate going up?

14/08/2026 16/08/2026

Patrick Wang

Are you ready for mortgage rate going up?

The main target of OCR movement is to control inflation. If the current inflation pressures continue, the OCR will go higher to 3% by the end of the year. If you are now sitting on a floating rate mortgage, or fixed rate rollover within the next 60 days, or simply with a " wait and see" attitude, you can lock your rates now while they are still lower than where they are projected.
The following are some of the tips to help with your mortgage.

Fix a floating rate to a fixed rate

Every rate increase raises the cost of waiting
Move to a fixed rate before further rate increases
Go ahead to protect your monthly budget by planning earlier
There is still time to act, but the window won't stay open indefinitely

Early rate lock for fixed rate rollover

You may not know that you have 60 days ahead to lock your rates before rate renewal date.
There is no need to wait until the last moment for the rate renewal
You secure a new rate 60 day earlier
Your online banking can tell you when the next fix is due if you do not know the date
Your lender may send you email reminders of the rate rollover 60 days beforehand
Your can contact your mortgage broker for advice

Lenders are offering 1% cashback to help with the cost

If you are buying new property
If you are refinancing your mortgage
If you are applying for a top-up
Check with your mortgage broker for the terms and conditions

If you are buying properties, you have the following opportunities

House prices have fallen slightly over the past year, offering buying opportunities
New listings keep the market well supplied, giving buyer negotiating choices
Inventories of property for sale continue go up, creating more balanced competition
A stable property market gives buyer chances to make informed decisions

Is a refinance right to you?

There is no one-size-fits-all answer
We will give you a free, no-obligation refinance review
Contact us for a chat

Main bank home loan promotions

For a limited time, you could get 1% cash (up to $30,000), where total lending is $500k and above.

For loans with an LVR between 80.01% to 85.00%. You could also receive 0.5% cash (up to $10,000), where total lending $200,000 and above.

Please contact to make use of this benefit @ 027 263 7878

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