All bets off on fixing

HOME loan customers looking to fix their loans are betting against the odds and could end up costing themselves more.

The Reserve Bank of Australia has kept the cash rate on hold at 1.5 per cent again.

New analysis by financial services firm Canstar has shown for OO P & I loans the lowest standard variable rate on the market is 3.39 per cent.

Compare this to 1, 2 and 3 year fixed rate deals and they will all more — the lowest deals are 3.49 per cent, 3.65 per cent and 3.69 per cent.