Home Loan Fixed Rates Back in Vogue

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Australia’s leading online mortgage broker, eChoice says with fixed interest rates currently up to one per cent lower than this time last year, the decision to fix is significantly more appealing for borrowers. With the average variable rate of the big 4 banks at 7.79%, variable home loan products have lost their shine. eChoice is offering borrowers exclusive access to one of the lowest fixed rates in Australia – 6.19% for 3 years (6.73% CR).

eChoice, leading online mortgage broker

Customers are looking for certainty in a volatile market, combined with competitive property prices and an aggressive interest rate cuts, we’re seeing a comeback of first home buyers and investors.

Australia’s leading online mortgage broker, eChoice says with fixed interest rates currently up to one per cent lower than this time last year, the decision to fix is significantly more appealing for borrowers. With the average variable rate of the big 4 banks at 7.79%, variable home loan products have lost their shine.

eChoice is offering borrowers exclusive access to one of the lowest fixed rates in Australia – 6.19% for 3 years (6.73% CR).

eChoice Director, Mark Flack, says eChoice customers have been very receptive to the fixed rate cuts, which accounted for over 20% of new eChoice enquiries in August.

Customers are looking for certainty in a volatile market, combined with competitive property prices and an aggressive interest rate cuts, we’re seeing a comeback of first home buyers and investors.

With the cash rate on hold since November last year, and the recent events of the share market there has been a lot of confusion and uncertainty among borrowers.

Unfortunately, while there is no crystal ball to know if rates will go up or even possibly down, but for borrowers that want to insulate their financial situation from possible future events or simply stick to a budget, then 6.19% is hard to go past.

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Nancy Matar
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