Business
Why It’s the Right Time for Homeowners to Shop Around for Better Interest Rates – Lifehacker Australia
If you’ve never considered whether the interest rate you’re paying on your home loan is still competitive, now may be the time to shop around.
Were currently in a period of historically low interest rates. In fact, home loan rates have hit a new rock bottom, with the first interest rate under 2 per cent now hitting the market from Loans.com.au.
Loans.com.aus 1.99 per cent home loan rate is now the lowest variable rate in Australia. That said, after the first year, the 1.99 per cent loan does revert to an ongoing variable rate of 2.57 per cent.
But for now, it is a clear indicator that we are in the middle of a home loan rate war, and…
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