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REFINANCE: Fixed Rates At Under 2%

Refinance Low Interest Rate

REFINANCE: Fixed Rates At Under 2%

Refinance Low Interest Rate

Interest rates are still at a record low for people looking for a new home loan, wanting to refinance, or are searching for a fixed rate. Despite this, your current lender will not likely be offering you the most competitive interest rate for your home loan, therefore you may need to switch lenders to take advantage of the current offers in the market.

Let our expert mortgage broking team work with you to refinance your home loan and locate the most competitive interest rate for your current financial position. You can save $200-$300 on average a month, and $10,000 over a three-year fixed term simply by switching to the right lender. This will also give you the opportunity to add more savings for your next property purchase.

You may notice that in July a growing list of lenders are starting to hike up their three-year and even two-year fixed home loan rates, despite the fact that the Reserve Bank Australia (RBA) has kept the cash rate on hold at 0.10%. The low interest rate trend may be shifting thanks to the end of RBA’s term funding facility, but it is definitely not too late to lock in a competitive rate for your current home loan.

According to RateCity, this month 19 lenders have increased at least one three-year fixed rate, and 17 lenders have at least increased one two-year fixed rate.

We have been enjoying refinancing home loan rates for our clients for under two per cent for some time, and there are still 189 rates under the two per cent mark, but the majority of those are fixed rates.

Contact us today so we can discuss your options.

CONTACT US FOR A FREE CONSULTATION.