Mortgage market at 'inflection point' as banks look to lock in loans - 18 Sep 2023
The mortgage market faces a turning point, as new fixed mortgage rates stay below variable rates.
*Conditions Apply.Each comparison rate is based on $150,000 over 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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The mortgage market faces a turning point, as new fixed mortgage rates stay below variable rates.
The first cut to official interest rates in four years has prompted more home loan borrowers to dump their bank for a rival, as analysts report early signs of mortgage competition picking up.
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