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4 reasons to stay calm if your fixed mortgage is about to expire

27/5/2022

4 reasons to stay calm if your fixed mortgage is about to expire

Large numbers of borrowers will soon be coming to the end of their fixed-rate period, with the Commonwealth Bank alone revealing that $44 billion of fixed loans will expire this year, according to Canstar.

Some media reports have suggested that borrowers in that situation should be worried, because their new variable interest rate is likely to be higher than their current fixed rate. However, there are four reasons not to panic: