variable interest rates

Variable Rate is the way to go

A leading mortgage broker has stated that borrowers have more than likely missed their opportunity to lock in low fixed home loan rates despite there being a forecast rise in lending costs.

Fixed rates are the popular way to go

Home owners believe that variable interest rates have bottomed out and are rushing to lock in their rates.

The Australian has reported that 7.76 per cent of all loan approvals last month were for fixed rate loans, up by 6.6 per cent in May.

Major Banks likely to leave variable rates

A senior executive from one of the big four lenders has come out and said that further variable mortgage rate increases were unlikely to take place in the current round of rate adjustments by the major banks.

Fixed Rate or Variable Rate?

First - the basics. When you take out a Mortgage or Home Loan, you can choose to have an interest rate that is fixed, variable, or split (a combination of the two). There is no right or wrong option - it all depends on your circumstances.

Fixed Versus Variable Interest Rates

One of the major choices to be made when choosing a home loan or a loan on a residential investment property is whether to take a variable interest rate or a fixed interest rate.