Fixed rate housing loans lowest ever

First time buyer relief in UK – Aussie lenders should take note
May 30, 2016
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Fixed rate housing loans lowest ever

It is confirmed that the RBA and financial institutions in Australia are so confident that interest rates will not rise in the medium term, that they are offering 5 year fixed rate mortgages for under 4%. Home owners are now able to get fixed rate mortgages for up to 5 years for under 4% with variable loans for as little as 3.59%. Investors can also get fantastic rates with variable rates from 3.84% and just above 4% for fixed rates.
This confirms not only that interest rates are set to remain stable for some time, but also that the RBA has spurned the fears of inflating the property bubble which it believes does not exist.

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