Business
Home loan interest rates help as Aussies can save thousands of dollars a year on their repayments – 7NEWS.com.au
There’s currently a once-in-a-lifetime opportunity to save a huge amount of money – but it comes at a cost.
Thousands of Aussie borrowers are saving big by taking advantage of the lowest interest rates the country has ever seen and getting great deals on home loans.
In fact the average three-year fixed rate home loan has halved over the past two years, down to 2.1 per cent from 4.1 per cent in 2018, according to the ANZ Bank.
At least one bank is even offering a three-year fixed rate home loan of 1.89 per cent, a mind-blowing number considering rates hit 17 per cent in 1989.
The once in a lifetime opportunity…
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