Several big lenders have cut their fixed interest rates despite the Reserve Bank of Australia continuously hiking Australia's cash rate. 9News
This includes Westpac, CBA, Firstmac, Loans.com.au, Macquarie Bank, Suncorp, Homestar Finance investment loans and Athena Home Loans.Millions of borrowers have been tempted by ultra-low fixed rates, most locking in at or below two per cent, after the national interest rate rises.
"I think I'll just look at that next year. At least this way I know exactly what I owe in terms of repayments until next year," she said. According to the online home loan marketplace Joust, variable loans are making a comeback due to fixed rates rising sharply.
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