Advertisement

December 2018 Home Loan Update: Top 5 Variable & Fixed Rates

With some economists predicting interest rate rises over the coming years, now could be a good time to compare some of the latest home loan offers.

Check out a snapshot of some of the lowest-rate fixed rate and variable mortgage products on Canstar’s database that have direct links to lenders’ websites, sorted by advertised rate and comparison rate, respectively

Please note that these rates don’t take into account your credit history, so not everyone can qualify for the minimum advertised rate. Further eligibility criteria will be assessed and determined by the lender.

Top interest rates for fixed rate home loans

The tables below display a snapshot of the fixed rate home loan products on Canstar’s database for a principal and interest loan of $350,000 for fixed-rate terms of one year, three years and five years at 80% LVR in NSW. The results include links to lenders’ websites and are sorted by ‘current rate’ (lowest to highest), then by provider name (alphabetically). Choose between the 1-year fixed, 3-year fixed and 5-year fixed tabs to view results most relevant to you.

Top interest rates for 1-year fixed home loans

*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

Top interest rates for 3-year fixed home loans

*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

Top interest rates for 5-year fixed home loans

*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

Of course, remember that getting the lowest interest rates isn’t everything! Be sure to look for the features that will make your loan work for you, not against you. In addition, it’s important to understand the features and limitations of any current home loan you may have. This should help you to carry out a more detailed comparison between your existing financial products and any new financial product you may be considering.

Top interest rates for variable rate home loans

The tables below display a snapshot of the variable rate home loan products on Canstar’s database for a principal and interest loan of $350,000 at 80% LVR in NSW. The results include links to lenders’ websites and are sorted by ‘comparison rate’ (lowest to highest), then by provider name (alphabetically). Choose between the Refinance, First Home and Investing tabs to view results most relevant to you.

Top interest rates for refinance home loans

*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

Top interest rates for first home loans

*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

Top interest rates for investing home loans

*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

 Compare Other Home Loans

For some tips on what features you should be looking for in a home loan, read our Choosing A Home Loan Checklist.

Similar Topics:

Share this article