Fixed Rate Loans
Don’t Panic About The Fixed-Rate Cliff
The fixed-rate cliff looms over the heads of many borrowers who bought a home during the pandemic at a short-term fixed rate as low as 1.95%. It is understandable for them to feel a sense of unease about the impact of rising rates on their finances. Many are concerned that it...
Read morefolderCategory: Fixed Rate Loans, Home Loan Articles, Property Market
bookmarkTags: Australian property market, fixed interest rates, fixed-rate cliff, Home Loan, Interest Rates, Refinance
Refinance Now Or Wait: Is The Peak Of Interest Rate Increases Behind Us?
Refinancing can be a smart financial move for homeowners looking to save money in the long run or reduce their short-term living expenses. Despite the record numbers of mortgage holders who have already taken advantage of refinancing, many have yet to explore whether they could...
Read morefolderCategory: cash rate, Fixed Rate Loans, Property Market, Variable Rate Home Loans
bookmarkTags: fixed or variable, fixed rate loan, refinancing, variable rate loan
Major Banks Cut Fixed Rates Below 2%
Fixed rates for home loans are well below variable rates and are the lowest they’ve been in Australian history. Westpac was the first to launch a mega-low interest rate below 2%, after which the National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) followed....
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bookmarkTags: interest rate drop, Rate cut
Fixed Rates Are Below 2%: Is It Time To Fix My Home Loan?
When the Reserve Bank of Australia (RBA) announced the historic low cash rate of 0.1%, most lenders slashed their fixed rates to below 2% and held off on reducing their variable rates. To fix or not to fix? Seeing fixed rates advertised below 2% seems enticing, however, will...
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Coronavirus: Is Now The Right Time To Fix Your Home Loan?
The RBA cut the cash rate twice during March in an unprecedented move caused by the coronavirus (COVID-19) pandemic, bringing the cash rate down to 0.25%. As a result, home loan fixed rates are at an all-time low with one lender offering a 2.09% p.a. fixed rate (comparison rate:...
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bookmarkTags: fixed interest rates, Refinance
Fixed-Rate Home Loans Drop Below 3%
Over the last month, several of our lenders announced that they’re decreasing the interest rates on their fixed rate home loan products. Fixed rates have fallen below 3%. We’ve listed the best fixed-rate home loans available from our panel of lenders below. Owner-occupied...
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bookmarkTags: fixed interest rates, Interest Rates