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More clients look to lock fixed rates than 2020
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More borrowers are eager to lock in fixed interest rates than this time last year amid record-low interest rates, according to HashChing.
A broker survey by mortgage broking platform HashChing has found that 84 per cent of respondents said that more customers are looking to have their fixed-term interest rates than this time last year.
The findings have been released during a period when the official cash rate is at record lows and lenders continue to offer low mortgage rates.
However, some lenders have been increasing their fixed rates due to higher funding costs for longer-dated loans and the need to manage pricing changes sustainably.