Variable Rates in Hold Fixed Rates are Falling

Yesterday the Reserve Bank of Australia announced that variable interest rates remain on hold at 3.00%.

While variable interest rates remain on hold for February, Fixed rate loans are falling. Unlike variable rates that usually move with RBA announcements fixed rate loans can move at any time.

A number of the major lenders have announced 1,2,3,4 and 5 year fixed rate reductions in the last few days and it might be a good time to secure a low fixed rate loan depending on your lending requirements.

To list a number of fixed rate loan here would be impracticable. The best way to find out which fixed rate loan suits your current lending needs and compare various lenders and rates feel free to submit a mortgage quote.