Lowest rate home loan offerings: fixed and variable as of August 7

By Larry Schlesinger
Tuesday, 07 August 2012

Property Observer has scoured the most well-known mortgage comparison websites to determine the lowest variable rate home loan and one- and three-year fixed home loans currently available.

The following results are based on advertised mortgage rates listed by ratecity.com.au, Mozo.com.au and infochoice.com.au as of August 7:

Lowest variable rate offerings:

Provider

Loan name

Rate

Comparison rate*

UBank (NAB)

UHomeloan Refinance

5.62%

5.62%

Nationwide Mortgage

True Saver Home Loan

5.65%

5.65%

Loans.com.au

Dream Catcher

5.65%

6.00%

eMoney

Pro Pack 75

5.65%

5.96%

Lowest one-year fixed-rate offerings

Provider

Loan name

Rate

Comparison rate*

Mymortgagefreedom.

com.au

Mymortgagefreedom.

com.au fixed rate

5.44%

6.06%

Reduce Home Loans

Reduce Fee Free 1 Year Fixed Rate

 

5.54%

6.16%

UBank (NAB)

UHomeLoan for Refinance – Fixed Rate Loan

5.58%

5.81%

Lowest three-year fixed-rate offerings

Provider

Loan name

Rate

Comparison rate*

UBank (NAB)

UHomeLoan Fixed (refinance only)

5.54%

5.55%

Bank of Queensland

Fixed Loan

5.55%

6.67%

RAMS

Low-doc Fixed Rate Home Loan

5.59%

6.80%

 *A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.

For information on refinancing, watch our free webinar Refinancing and the Interest Rates Riddle



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