It came to our attention today that 2 year and 3 year fixed rate home loans and investment loans have dropped below 6%. As discussed last week we saw a trend that fixed rates falling and now 3 year fixed rates have dropped below six percent. These rates are available from Australia’s most recognised lenders. To take advantage Read More
Since the last interest rate cut, home loan interest rates have come down. Fixed interest rates are also falling and for the first time in 2 years we see a 2 year fixed rate fall below 6%. Below are some of the better interest rates from various lenders around Australia that include ANZ, NAB, Westpac, Read More
On Monday we will see some fixed rates loans go under six percent. This is a great opportunity for mortgage holders to take advantage of these super low rates if it suits them to do so. Just over two years ago we saw some lenders offer fixed rates as low as 5.50% right after the global financial Read More
Having been in the mortgage industry for just over 6 years I have seen home loan interest rates rise and fall. One of the most common observations is that banks are slower to pass on a rate cut compared to when interest rates rise. The table below shows that there is a 24 day difference between banks Read More
Smart Search Finance has an interest calculator as well as many other mortgage calculators that calculate mortgage interest repayments. Below is a list and links to some of the home loan interest calculators we have on the website. Mortgage Repayment Calculator – Basic mortgage calculator that calculates monthly mortgage repayments, interest payments and total costs. Monthly, fortnightly, weekly and Read More
Update: ANZ reduces its variable mortgage rates by 0.25% and in a surprise NAB reduces rates by 0.20%. Despite not passing on the full interest rate cut NAB still has the lowest standard variable rate amongst the big four banks. As predicted interest rates were reduced by 0.25% yesterday giving borrowers a reprieve before Christmas. Read More