Westpac continues with its view the balance of risks currently favours fixing. "Our view has long been that fixed rates are attractive relative to where we think floating rates are heading over the next few years; the question has been one of timing the move into fixed. Even though floating rates are not expected to change for a long while yet, fixed rates could rise sooner."
"In fact, one or two rates have already risen off their lows. Given that some fixed rates are still lower than the floating rate, taking a fixed rate now is probably a good deal."
