Rates are rising. Why some homeowners could be better off breaking their fixed mortgage

As interest rates rise, breaking your fixed mortgage early could be a smart financial move. According to Factor Financial, it's crucial to do the math.

Even with a potential break fee, refinancing can be beneficial due to competitive cashback offers. A drop in property value could also mean you're paying too much interest, so it's worth comparing lenders.

Finally, check if you can make extra repayments on your fixed loan to save on long-term interest costs.