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Home loan rate jump sparks rush to fix rates

Home loan rate jump sparks rush to fix rates
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March home loan snapshot: Greater Bank and NAB roll out further fixed rate cuts

Average variable rate edges down to 3.29%
Greater Bank drops 1-year fixed rate to 1.69% (3.49% comparison rate )
2021 may have barely begun, but it’s already been a busy year on the property front. Values have increased across the country and the appetite for new loans from both owner occupiers and investors shows no sign of easing up just yet.
While borrowers may have been rushing to take out new loans, lenders have been a little quieter in terms of changing home loan rates.
That’s not to say there hasn’t been any action though. As detailed in the latest Mozo Banking Roundup, there have been a number of recent cuts to both fixed and variable rate offers from lenders big and small. ....

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