Expiring Fixed Rate Mortgages: Your Essential Guide and the Ripple Effects

A huge amount of fixed rate mortages are about to expire - almost a million this year alone. There's also a tussle underway as the banks compete for customers looking for the best refinancing deal. This episode we take a look at the impact on mortgage holders - from those on fixed rates, to those locked in 'mortgage prison', to those on variable loans facing into at least 10 interest rate hikes in a row. We analyse the rates on offer at the moment, what a 'good deal' looks like (and how to haggle) and what to do if you're in financial stress. And we haven't forgotten the SAVERS. Find out what's being offered to them now interest rates are on the rise, and how to do a health check on your savings account. RateCity Research Director Sally Tindall joins Gillian to explain this intriguing data story.

Linked Episode: How to avoid 'mortgage prison'

Resources for people in financial stress (thanks RateCity for compiling these):

National Debt Helpline: 1800 007 007
Good Shepherd no interest loans
Services Australia Payment and Service Finder
State-based resources:

Service NSW Savings Finder
Service Victoria Savings Finder
Queensland Govt Concessions Finder
SA Govt Concessions Finder
Concessions WA
Concessions NT
Tasmanian Govt Discounts and Concessions
ACT Savings Finder

See omnystudio.com/listener for privacy information.