What should I do with my rate?
I have a home loan with ANZ, LVR about 91% and currently on 7.44% variable, and I don’t have issues with repayments. I just called ANZ, and they agreed to reduce to 7.05% variable, and also offered 1 yr fixed @ 6.44%. Given we’re expecting rate drops this year, do you think I’ll be better off staying on variable or taking the 1yr fixed.