At the time of writing, it's possible to lock in a five-year term from as low as 4.84% and a variable rate from 4.54%. So what should borrowers do now?
interest rates
Showing 281 to 290 of 290 results tagged interest rates:
Term deposit holders face a dilemma. Since the GFC they've experienced some extraordinary returns. But premium rates on term deposits are falling fast.
It's a red alert for savers: with interest rates at historical lows, 95%-plus savings accounts are now losing people money in real terms.
Expect the official cash rate, currently 2.5%, to have increased to 3% by year's end.
Thanks to the likes of Commonwealth Bank, UBank and non-bank lender Mortgage House, no-fee home loans are back in vogue.
Australian variable home loan interest rates are sitting at historical lows so Aussies are reluctant to switch to fixed rates.
Until deposit rates fall and the lag of cheaper funding replaces the more expensive funding, an interest rate cut outside official rate cuts is unlikely.
Homeowners contemplating a fixed rate generally have one major hesitation to overcome: the fear of missing out if interest rates fall further.
Interest rate gaps and exit fees got everyone excited in 2010. So what will 2011 bring?
I have two online saving accounts and neither is paying me the advertised interest rates. This, they say, is reserved for new customers. How is this fair?
