This simple mortgage move could save us thousands – so why don’t we do it?

February 22, 2026 — 5:15am

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When it comes to what we value highly in other people, loyalty is easily among one of the top traits to look for. But unfortunately, that same attribute doesn’t always serve us well when it comes to saving money.

Specifically, I’m talking about our home loans and why, if you have a mortgage, you owe it to yourself and your long-term future to seriously consider moving your mortgage every few years.

The yo-yoing of interest rates over the past few years has managed to make Reserve Bank meetings feel like a nail-biting footy match. Now, after three cuts since February 2025, the RBA announced earlier this month that an increase of 0.25 per cent is headed our way and many economists are speculating that more could be on the horizon.

The good news for most mortgage holders is that the vast majority of Australians are currently ahead on their mortgage repayments because even after the recent rate cuts, many continued to make higher repayments.

This means that for many people, finding the extra money won’t be an issue because they’re already paying the adjusted rate. Or, if there does need to be an adjustment, there’s at least 10 months of buffering there to help ease the pain.

But just because a rise is coming, or because all lenders will be passing those rate rises onto customers, doesn’t mean you have to just accept the fact and update your budget. Actually, that is the last thing you should be........

© The Age