There was a nine-month high in the demand for fixed-rate home loans last month, according to new data from Mortgage Choice.

National home loan approval data for fixed-rate is now at 26.98% for November, up from 26.64% in October.

New South Wales appear to be fonder of fixed-rates than other states across Australia, as it accounted for more than one third or 34.31% of all loans written in November. Queensland lands second with 28.65% of all loans written, while in South Australia, Victoria and Western Australia fixed rates made up 20.23%, 19.77% and 16.94% respectively.

 “A growing number of borrowers are beginning to realise that while rates are low, they can’t stay this way forever. And as such, they are looking to fix their mortgage now while rates are sitting at historically low levels,” said Mortgage Choice spokesperson Jessica Darnbrough.

“Furthermore, a lot of lenders slashed the interest on their suite of fixed rate products at the end of July and we are finally starting to see the result of those rate movements coming through in our data.”

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan