Mortgage rates are likely to rise after today's Official Cash Rate increase to 2.75% and some are predicting further rate rises from the Reserve Bank later in the year year.
Not that long ago you didn’t really think about your mortgage until your fixed term came up for review, then you just fixed it again for another 2-3 years.
If you’re on a floating mortgage at the moment you’ll be loving the rates currently on offer – which range from 5.69% to