Fixed rates accounted for 25.45% of all loans written in September 2014, up from 24.19 the month before.
This is according to the latest Home Loan Choices data from Mortgage Choice.
- Australia's lenders being quite aggressive in the fixed rate arena
- 74.55% still prefer a variable option
“Variable home loan rates are still sitting at historical lows, and as such, it isn’t surprising to see that this type of loan is popular with borrowers. That said, with fixed rates also sitting at historical lows, borrowers can rest assured that regardless of the product they choose, they should be able to snag a very competitive rate.”
To find out more - contact us at Suite 2, 10-12 High St Wodonga or call 02 6056 4433.