How much lower could rates go this year? Will fixed rates fall in line with the cash rate if it drops further?

Noah. Hi. Fixed rates normally travel ahead of the market. In the lead up to the most recent RBA cuts, many lenders were quietly reducing fixed rates in the two / three year terms.
What will the cash rate do for the rest of year ? If only we had a Crystal Ball.
Please give me a call if you would like to have a chat around any options
Regards
Ken

Compare Australia to the rest of the world where they have zero or negative interest rates and determine for yourself if you think we will get there. But yes very hard for anyone to say if it will keep dropping.

Yes, a few 2 Yr Fixed rates have already dropped but overall even a 5 Yr Fixed rate is really good all things being equal. so if you're looking for consistency in your situation do consider doing it as I am sure in thr short-medium term rates will go up.

Hope that helps.

Most economist are expecting cash rate to be at 1% this time next year. As an economy we are in a good spot as we still have room to move on our Fed rates to apply some upwards pressure on economy from a Monetary policy stamp point. Cheers Harish Saluja