The above graph shows the major banks median interest rates movements over the past three years, as well as the official cash rate (OCR).
The graph also illustrates the steady climb all terms took before the "recession" began mid 2008, which is when things started to get a little rocky and unfortunately most interest rates are now heading back up at a more agressive pace.
From what we can see above, the floating rate has made the bigger adjustments and remains at the more favourable option.
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