Business
Four-year fixed interest rates below 2pc are gone – The Australian Financial Review
BankVic is the final lender to capitulate after raising its four-year fixed rate offer for owner-occupiers paying principal and interest to 2.29 per cent from 1.95…
That said, there is still plenty of competition in the market. There are 189 home loan rates under 2 per cent on our database, the highest in our records. Mortgage holders are still spoilt for choice.
There were as many as 32 lenders offering four-year fixed rates below 2 per cent at the start of 2021, including Commonwealth Bank, NAB and Westpac.
Commonwealth Bank was the first of the big lenders to withdraw longer term fixed rate loans when it raised its four-year fixed rate by 20 basis points…
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