Hi Heather, That is what we are thinking. We are going to have no spare money as we are dropping to 1 income in approx 9 weeks. If rates rise when I am on Mat leave we will be buggered whereas if we fix it now, we know what are repayments are going to be for the next 3 years and I can budget around that.
That is the reason we did it. Even though the rates have dropped since we did it, we needed a budget to work on. We knew/know what we need to pay each week. And honsetly if they went up too much before they dropped, we would have been stuffed.