Larry Williams Drive

I fix my entire mortgage in three weeks' time, and find myself with the curious kind of conundrum that most of us with bog-standard family home mortgages couldn't have imagined at any point the last few years.  I waited for the email to land from the Monetary Policy Committee... Speed-read the Reserve Bank's statement and found myself with a simple question: Instead of fixing my mortgage at the end of this month, am I better to roll the dice, float for four weeks and hold out for another cut in November?  50 basis points is a meaningful cut. If you've got a $400,000 mortgage, and you're coming off a 7.2% to the market-leading 5.7% being advertised today... That's a difference of $500 a month.  What's clear from the Reserve Bank's comments though is that, like it was on the way up, the cutting cycle is likely to have disproportionate impacts depending on different personal circumstances as the OCR comes down.  Our economy is groaning. International growth is slowing, and the Middle East con