Fixed vs variable share of new mortgages
The 2020 to 2021 fixed-rate spike created the 2023 cliff.
Series in this chart
- Fixed share
/v1/rba/lending-mix
Code that produces this
cURL
curl https://api.ausdata.io/v1/banking/mortgage-mix \
-H "Authorization: Bearer YOUR_KEY"Methodology
RBA lending data, share of new lending fixed vs variable.
Takeaways
- Fixed share went from 15 percent to 50 percent in 2020 to 2021.
- Fell back below 5 percent by 2023.