Search

Fixed loan decline

FIVE-YEAR fixed home loan interest rates are now falling below the standard variable rate. Five-year fixed interest rates can now be secured for as low as 6.25 per cent, according to Loans Cafe managing director Anne-Marie Syme.

“Five-year fixed rates are now well below most banks’ standard variable rate of 6.57 per cent. Three-year fixed rates have fallen even further and can be secured for as low as 5.99 per cent,” Ms Syme said.

“Fixed interest rates have fallen significantly over the past month because they are priced off wholesale market interest rates, or government bonds.

“Yields on bonds have been falling in recent times due to concerns over a war in the Middle East.”

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-Saferight8,000
49 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer