The landscape of fixed-rate home loans in Australia has shifted significantly, reflecting a departure from the sub-2% rates previously available.
Specifically, the current lowest fixed rates offered start at 5.79%, and for those considering loans from the major banks (commonly referred to as the Big Four), the rates begin at 6.49%.
This upsurge in rates underscores the need for potential borrowers to continually monitor the market and compare available loan options, as rates can vary widely between lenders and are contingent upon various factors, including loan terms and deposit percentages (finder.com.au) (mozo.com)
A broker like myself can review your Income and provide your options.
Simple refinance is still an option ” where you can refinance to lower rates without reference to your income ” so if you income has changed and you don’t qualify the regular way ” you can still reduce your monthly repayments.
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