Lock It In, Eddie: 1 In 5 Borrowers Fixing Their Mortgage

A number of lenders have raised rates on their fixed rate home loans over the past month. Is it time you fixed your mortgage before it’s too late?

The latest national home loan approval data from Mortgage Choice has revealed more borrowers are choosing fixed rate home loans.

Fixed rate home loans made up 19.51% of all home loans written in November – approximately 1 in 5 borrowers. This is up from October’s figure of 17.40%.

Why are more people fixing their mortgage?

Mortgage Choice CEO John Flavell says there has been increased speculation of a rate hike in the near future.

“I think a growing percentage of borrowers realise that rates may soon rise and, in a bid to beat rising rates, more borrowers are starting to fix their mortgages,” he said.

“Moving forward, I will not be surprised to see a growing proportion of borrowers look to fix their mortgage in a bid to beat potential rate rises.”

Are home loan interest rates rising?

Mr Flavell also said he strongly believes the bottom of the rate cycle has passed, and we can expect to see lenders start raising the interest rates across all of their home loan products.

“Long term bond rates have started to move slightly higher in recent weeks, and we have already seen increases in some of the fixed rates on offer domestically,” he said.

He adds that we should not expect the Reserve Bank to lower the official cash rate (which affects our home loan interest rates) any further.

“Central Banks around the globe are now signalling that the bias for easing monetary policy is over. Closer to home, the Reserve Bank of Australia strongly suggested during its November Board meeting that the time for easing monetary policy has now passed.”

“That said, even if rates do rise in the near future, it is important for borrowers not to panic. The reality is, interest rates are incredibly low by long term standards and they will continue to remain low for the foreseeable future.”

Fixed Rate Decreases

Another reason not to panic is the fact that a number of lenders have actually gone against the trend by decreasing rates on their fixed rate mortgages over the last month.

These are the home loan lenders on CANSTAR’s database that have done this:

Lender Product Name New Rate (9/12/2016) Old Rate (31/10/2016) Change Comparison Rate*
Aussie Select Basic Fixed 2 yrs 80% 3.84% 3.89% -0.05% 3.89%*
Aussie Select Basic Fixed 2 yrs 95% 3.84% 3.89% -0.05% 4.19%*
Aussie Select Standard Fixed 2 yrs 3.84% 3.89% -0.05% 4.36%*
BOQ Residential Fixed 4 yrs 4.14% 4.59% -0.45% 5.15%*
BOQ Residential Fixed 5 yrs 4.29% 4.59% -0.30% 5.11%*
Commonwealth Bank Residential Fixed 4 yrs 4.54% 4.74% -0.20% 5.13%*
Commonwealth Bank Wealth Package Residential Fixed 4 yrs 150k+ 4.39% 4.59% -0.20% 5.02%*
CUA Premium Fixed – Owner Occupier 1 yr 3.91% 4.16% -0.25% 4.67%*
CUA Premium Fixed – Owner Occupier 2 yrs 3.91% 4.18% -0.27% 4.6%*
CUA Premium Fixed – Owner Occupier 3 yrs 4.11% 4.21% -0.10% 4.59%*
CUA Premium Fixed – Owner Occupier 5 yrs 4.50% 4.60% -0.10% 4.66%*
CUA Fixed – Owner Occupier 1 yr 3.69% 3.94% -0.25% 4.65%*
CUA Fixed – Owner Occupier 2 yrs 3.69% 3.96% -0.27% 4.56%*
CUA Fixed – Owner Occupier 3 yrs 3.89% 3.99% -0.10% 4.53%*
CUA Fixed – Owner Occupier 5 yrs 4.28% 4.38% -0.10% 4.57%*
Easy Street Fin Services Fixed Rate Home Loan Offer 3 yrs 3.59% 3.85% -0.26% 4.63%*
IMB Residential Fixed 1 yr 95% 4.54% 4.94% -0.40% 4.56%*
IMB Residential Fixed 2 yrs 95% 4.09% 4.94% -0.85% 4.48%*
IMB Residential Fixed 3 yrs 95% 4.44% 4.94% -0.50% 4.55%*
IMB Residential Fixed 4 yrs 95% 4.74% 5.09% -0.35% 4.65%*
IMB Residential Fixed 5 yrs 95% 4.74% 5.29% -0.55% 4.67%*
NAB Tailored Fixed – IO 3 yrs 3.99% 4.09% -0.10% 5.05%*
NAB Tailored Fixed – IO 4 yrs 4.09% 4.19% -0.10% 4.99%*
NAB Choice Package Tailored Fixed – IO 3 yrs 150k+ 3.89% 3.99% -0.10% 4.83%*
NAB Private Tailored Pkg Tailored Fixed – IO 3 yrs 150 3.89% 3.99% -0.10% 5.15%*
NAB Choice Package Tailored Fixed – IO 4 yrs 150k+ 3.99% 4.09% -0.10% 4.8%*
NAB Private Tailored Pkg Tailored Fixed – IO 4 yrs 150 3.99% 4.09% -0.10% 5.13%*
Regional Australia Bank Partnership Advantage Fixed 3 yrs 3.89% 4.19% -0.30% 5.25%*
Regional Australia Bank Partnership Advantage Fixed 5 yrs 4.59% 4.69% -0.10% 5.31%*
Regional Australia Bank Steady Rate 5 yrs 4.69% 4.79% -0.10% 5.06%*
Select Encompass Credit Union Fixed 2 yrs 3.69% 3.89% -0.20% 4.14%*
Summerland Credit Union Standard Fixed 1 yr 3.79% 3.87% -0.08% 5.01%*
Suncorp Bank Owner Occupied Fixed 1 yr 4.19% 4.54% -0.35% 5.44%*
Suncorp Bank Owner Occupied Fixed 5 yrs 4.44% 4.84% -0.40% 5.16%*
Suncorp Bank Home Package Plus Owner Occupied Fixed 1 yr 150k+ 4.04% 4.39% -0.35% 4.33%*
Suncorp Bank Home Package Plus Owner Occupied Fixed 5 yrs 150k+ 4.29% 4.69% -0.40% 4.46%*
Virgin Money Reward Me – Owner Occupied Fixed 4 yrs 4.14% 4.59% -0.45% 4.04%*
Virgin Money Reward Me – Owner Occupied Fixed 5 yrs 4.29% 4.59% -0.30% 4.13%*

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

Fixed Rate Increases

These are the home loan lenders on CANSTAR’s database that have raised fixed rates:

Lender Product Name New Rate (9/12/2016) Old Rate (31/10/2016) Change Comparison Rate*
Aussie Select Basic Fixed 3 yrs 80% 3.99% 3.89% 0.10% 3.93%*
Aussie Select Basic Fixed 3 yrs 95% 3.99% 3.89% 0.10% 4.19%*
Aussie Select Basic Fixed 4 yrs 80% 4.19% 3.99% 0.20% 4%*
Aussie Select Basic Fixed 4 yrs 95% 4.19% 3.99% 0.20% 4.24%*
Aussie Select Basic Fixed 5 yrs 80% 4.19% 3.99% 0.20% 4.02%*
Aussie Select Basic Fixed 5 yrs 95% 4.19% 3.99% 0.20% 4.23%*
Aussie Select Standard Fixed 3 yrs 3.99% 3.89% 0.10% 4.37%*
Aussie Select Standard Fixed 4 yrs 4.19% 3.99% 0.20% 4.42%*
Aussie Select Standard Fixed 5 yrs 4.19% 3.99% 0.20% 4.41%*
Aussie Optimizer Fixed IO 1 yr 4.44% 4.19% 0.25% 4.13%*
Aussie Optimizer Plus Fixed IO 1 yr 4.44% 4.19% 0.25% 4.33%*
Aussie Optimizer Fixed IO 2 yrs 4.44% 4.14% 0.30% 4.16%*
Aussie Optimizer Plus Fixed IO 2 yrs 4.44% 4.14% 0.30% 4.36%*
Aussie Optimizer Fixed IO 3 yrs 4.49% 4.19% 0.30% 4.2%*
Aussie Optimizer Plus Fixed IO 3 yrs 4.49% 4.19% 0.30% 4.4%*
Aussie Optimizer Fixed IO 4 yrs 4.64% 4.39% 0.25% 4.29%*
Aussie Optimizer Plus Fixed IO 4 yrs 4.64% 4.39% 0.25% 4.48%*
Aussie Optimizer Fixed IO 5 yrs 4.74% 4.39% 0.35% 4.37%*
Aussie Optimizer Plus Fixed IO 5 yrs 4.74% 4.39% 0.35% 4.56%*
Aussie Optimizer Fixed PI 1 yr 4.19% 3.99% 0.20% 4.2%*
Aussie Optimizer Plus Fixed PI 1 yr 4.19% 3.99% 0.20% 4.21%*
Aussie Optimizer Fixed PI 2 yrs 4.19% 3.94% 0.25% 4.2%*
Aussie Optimizer Plus Fixed PI 2 yrs 4.19% 3.94% 0.25% 4.22%*
Aussie Optimizer Fixed PI 3 yrs 4.24% 3.99% 0.25% 4.21%*
Aussie Optimizer Plus Fixed PI 3 yrs 4.24% 3.99% 0.25% 4.25%*
Aussie Optimizer Fixed PI 4 yrs 4.39% 4.19% 0.20% 4.27%*
Aussie Optimizer Plus Fixed PI 4 yrs 4.39% 4.19% 0.20% 4.31%*
Aussie Optimizer Fixed PI 5 yrs 4.49% 4.19% 0.30% 4.32%*
Aussie Optimizer Plus Fixed PI 5 yrs 4.49% 4.19% 0.30% 4.38%*
B&E Personal Banking Fixed Residential FlexiChoice 1 yr 4.19% 4.09% 0.10% 5.19%*
B&E Personal Banking Fixed Residential FlexiChoice 2 yrs 3.99% 3.89% 0.10% 5.07%*
B&E Personal Banking Fixed Residential FlexiChoice 3 yrs 4.39% 4.29% 0.10% 5.09%*
B&E Personal Banking FlexiDiscount Fixed  1 yr 4.09% 3.99% 0.10% 5.09%*
B&E Personal Banking FlexiDiscount Fixed  2 yrs 3.89% 3.79% 0.10% 4.97%*
B&E Personal Banking FlexiDiscount Fixed  3 yrs 4.29% 4.19% 0.10% 4.99%*
Bank of Melbourne Residential Fixed 2 yrs 4.14% 3.90% 0.24% 5.28%*
Bank of Melbourne Residential Fixed 3 yrs 4.24% 4.00% 0.24% 5.21%*
Bank of Melbourne Residential Fixed 5 yrs 4.54% 4.00% 0.54% 5.17%*
Bank of Melbourne Advantage Package Residential Fixed 2 yrs 150k+ 3.99% 3.75% 0.24% 4.88%*
Bank of Melbourne Advantage Package Residential Fixed 3 yrs 150k+ 4.09% 3.85% 0.24% 4.86%*
Bank of Melbourne Advantage Package Residential Fixed 5 yrs 150k+ 4.39% 3.85% 0.54% 4.9%*
Bank of Sydney Residential Fixed 1 yr 4.09% 3.99% 0.10% 4.82%*
Bank of Sydney Residential Fixed 2 yrs 4.14% 3.99% 0.15% 4.8%*
Bank of Sydney Residential Fixed 3 yrs 4.29% 3.99% 0.30% 4.81%*
Bank of Sydney Residential Fixed 5 yrs 4.59% 3.99% 0.60% 4.91%*
Bank of Sydney Expect More Residential Fixed 1 yr 100k+ 4.09% 3.99% 0.10% 4.35%*
Bank of Sydney Expect More Residential Fixed 2 yrs 100k+ 4.14% 3.99% 0.15% 4.37%*
Bank of Sydney Expect More Residential Fixed 3 yrs 100k+ 4.29% 3.99% 0.30% 4.42%*
Bank of Sydney Expect More Residential Fixed 5 yrs 100k+ 4.59% 3.99% 0.60% 4.6%*
BankSA Residential Fixed 2 yrs 4.14% 3.90% 0.24% 5.28%*
BankSA Residential Fixed 3 yrs 4.24% 4.00% 0.24% 5.21%*
BankSA Residential Fixed 5 yrs 4.54% 4.00% 0.54% 5.17%*
BankSA Advantage Package Residential Fixed 2 yrs 150k+ 3.99% 3.75% 0.24% 4.94%*
BankSA Advantage Package Residential Fixed 3 yrs 150k+ 4.09% 3.85% 0.24% 4.91%*
BankSA Advantage Package Residential Fixed 5 yrs 150k+ 4.39% 3.85% 0.54% 4.94%*
Bankwest Fixed Rate Owner Occupied 2 yrs 4.05% 3.79% 0.26% 5.15%*
Bankwest Fixed Rate Owner Occupied 3 yrs 4.19% 3.99% 0.20% 5.09%*
Bankwest Fixed Rate Owner Occupied 5 yrs 4.49% 4.08% 0.41% 5.06%*
Bankwest Complete Home Loan Fixed Rate Owner Occupied 3 yrs 4.09% 3.89% 0.20% 4.38%*
Bankwest Complete Home Loan Fixed Rate Owner Occupied 5 yrs 4.39% 3.98% 0.41% 4.52%*
BOQ Residential 3yr Fixed 3 yrs 3.79% 3.59% 0.20% 4.33%*
Catalyst Money Fixed Lite 1 yr 4.10% 3.65% 0.45% 5%*
Catalyst Money Fixed 1 yr 4.10% 3.65% 0.45% 4.1%*
Catalyst Money Fixed Lite 2 yrs 4.15% 3.85% 0.30% 4.93%*
Catalyst Money Fixed 2 yrs 4.15% 3.85% 0.30% 4.11%*
Catalyst Money Fixed Lite 3 yrs 4.20% 3.95% 0.25% 4.87%*
Catalyst Money Fixed 3 yrs 4.20% 3.95% 0.25% 4.13%*
Commonwealth Bank Residential Fixed 2 yrs 4.14% 3.99% 0.15% 5.17%*
Commonwealth Bank Residential Fixed 3 yrs 4.24% 4.04% 0.20% 5.11%*
Commonwealth Bank Residential Fixed 5 yrs 4.74% 4.14% 0.60% 5.17%*
Commonwealth Bank Wealth Package Residential Fixed 2 yrs 150k+ 3.99% 3.84% 0.15% 5%*
Commonwealth Bank Wealth Package Residential Fixed 3 yrs 150k+ 4.09% 3.89% 0.20% 4.96%*
Commonwealth Bank Wealth Package Residential Fixed 5 yrs 150k+ 4.59% 3.99% 0.60% 5.08%*
Easy Street Fin Services Easy Street Fixed 3 yrs 3.99% 3.59% 0.40% 4.49%*
Firstmac VIP Pack Fixed 2 yrs 4.09% 3.96% 0.13% 3.97%*
Firstmac VIP Pack Fixed 3 yrs 4.09% 3.96% 0.13% 3.98%*
G&C Mutual Bank Residential 4yr Fixed 4 yrs 4.44% 4.29% 0.15% 4.48%*
G&C Mutual Bank Residential 5yr Fixed 5 yrs 4.54% 4.29% 0.25% 4.58%*
Homeloans Optima Fixed – Owner Occupied PI 1 yr 4.18% 3.98% 0.20% 4.11%*
Homeloans Optima Fixed – Owner Occupied PI 2 yrs 4.18% 3.93% 0.25% 4.14%*
Homeloans Optima Fixed – Owner Occupied PI 3 yrs 4.23% 3.98% 0.25% 4.18%*
Homeloans Optima Fixed – Owner Occupied PI 4 yrs 4.38% 4.18% 0.20% 4.27%*
Homeloans Optima Fixed – Owner Occupied PI 5 yrs 4.48% 3.98% 0.50% 4.35%*
Homeloans Optima Fixed – Owner Occupied IO 1 yr 4.43% 4.18% 0.25% 4.34%*
Homeloans Optima Fixed – Owner Occupied IO 2 yrs 4.43% 4.13% 0.30% 4.37%*
Homeloans Optima Fixed – Owner Occupied IO 3 yrs 4.48% 4.18% 0.30% 4.42%*
Homeloans Optima Fixed – Owner Occupied IO 4 yrs 4.63% 4.38% 0.25% 4.5%*
Homeloans Optima Fixed – Owner Occupied IO 5 yrs 4.73% 4.18% 0.55% 4.58%*
Illawarra CU NSW Fixed Lite 1 yr 4.10% 3.65% 0.45% 5%*
Illawarra CU NSW Fixed 1 yr 4.10% 3.65% 0.45% 4.1%*
Illawarra CU NSW Fixed Lite 2 yrs 4.15% 3.85% 0.30% 4.93%*
Illawarra CU NSW Fixed 2 yrs 4.15% 3.85% 0.30% 4.11%*
Illawarra CU NSW Fixed Lite 3 yrs 4.20% 3.95% 0.25% 4.87%*
Illawarra CU NSW Fixed 3 yrs 4.20% 3.95% 0.25% 4.13%*
ING DIRECT Residential Fixed 1 yr 4.09% 3.99% 0.10% 4.55%*
ING DIRECT Residential Fixed 2 yrs 4.04% 3.84% 0.20% 4.5%*
ING DIRECT Residential Fixed 3 yrs 3.99% 3.69% 0.30% 4.44%*
ING DIRECT Residential Fixed 4 yrs 4.39% 3.99% 0.40% 4.53%*
ING DIRECT Residential Fixed 5 yrs 4.29% 3.94% 0.35% 4.48%*
ING DIRECT Orange Advantage Residential Fixed 1 yr 150k+ 3.99% 3.89% 0.10% 3.95%*
ING DIRECT Orange Advantage Residential Fixed 2 yrs 150k+ 3.94% 3.74% 0.20% 3.96%*
ING DIRECT Orange Advantage Residential Fixed 3 yrs 150k+ 3.89% 3.59% 0.30% 3.96%*
ING DIRECT Orange Advantage Residential Fixed 4 yrs 150k+ 4.29% 3.89% 0.40% 4.11%*
ING DIRECT Orange Advantage Residential Fixed 5 yrs 150k+ 4.19% 3.84% 0.35% 4.11%*
loans.com.au Fixed – Owner Occupier 1 yr 3.89% 3.76% 0.13% 3.73%*
loans.com.au Fixed – Owner Occupier 2 yrs 3.89% 3.76% 0.13% 3.75%*
loans.com.au Fixed – Owner Occupier 3 yrs 3.89% 3.76% 0.13% 3.77%*
Macquarie Bank Basic Fixed Owner Occupied PI 2 yrs 4.19% 3.94% 0.25% 5.22%*
Macquarie Bank Offset Fixed Owner Occupied PI 2 yrs 4.19% 3.94% 0.25% 5.58%*
Macquarie Bank Basic Fixed Owner Occupied PI 3 yrs 4.24% 3.99% 0.25% 5.13%*
Macquarie Bank Offset Fixed Owner Occupied PI 3 yrs 4.24% 3.99% 0.25% 5.49%*
Macquarie Bank Basic Fixed Owner Occupied PI 5 yrs 4.49% 4.19% 0.30% 5.05%*
Macquarie Bank Offset Fixed Owner Occupied PI 5 yrs 4.49% 4.19% 0.30% 5.42%*
ME Bank Member Package Flexible Fixed OO Max 80 LVR 2 yrs 3.84% 3.69% 0.15% 4.94%*
ME Bank Member Package Flexible Fixed OO Max 80 LVR 3 yrs 3.84% 3.69% 0.15% 4.87%*
ME Bank Flexible Fixed OO Max 80 LVR 2 yrs 3.84% 3.69% 0.15% 4.76%*
ME Bank Flexible Fixed OO Above 80 LVR 2 yrs 3.84% 3.69% 0.15% 5%*
ME Bank Flexible Fixed OO Max 80 LVR 3 yrs 3.84% 3.69% 0.15% 4.67%*
ME Bank Flexible Fixed OO Above 80 LVR 3 yrs 3.84% 3.69% 0.15% 4.89%*
Mortgage House Moneyer 2 Year Fixed 2 yrs 3.89% 3.66% 0.23% 4.31%*
Mortgage House 50/50 Home Loan Fixed 3 yrs 3.89% 3.67% 0.22% 4.31%*
MOVE – People Driven Banking Lockit 3 yrs 3.89% 3.84% 0.05% 4.68%*
MyState Residential Fixed 2 yrs 80% 3.89% 3.69% 0.20% 4.91%*
MyState Residential Fixed 3 yrs 80% 3.94% 3.74% 0.20% 4.82%*
Northern Inland CU Fixed Rate Owner Occupied 4 yrs 4.69% 4.49% 0.20% 5.17%*
Northern Inland CU Fixed Rate Owner Occupied 5 yrs 4.69% 4.29% 0.40% 5.13%*
P&N Bank Residential Fixed IO 2 yrs 80% 3.99% 3.89% 0.10% 5.5%*
P&N Bank Residential Fixed IO 2 yrs 90% 4.09% 3.99% 0.10% 5.51%*
P&N Bank Residential Fixed IO 3 yrs 80% 3.99% 3.89% 0.10% 5.35%*
P&N Bank Residential Fixed IO 3 yrs 90% 4.09% 3.99% 0.10% 5.38%*
P&N Bank Residential Fixed IO 4 yrs 80% 5.25% 5.15% 0.10% 5.66%*
P&N Bank Residential Fixed IO 4 yrs 90% 5.35% 5.25% 0.10% 5.7%*
P&N Bank Residential Fixed IO 5 yrs 80% 5.25% 5.15% 0.10% 5.63%*
P&N Bank Residential Fixed IO 5 yrs 90% 5.35% 5.25% 0.10% 5.67%*
P&N Bank Residential Fixed PI 2 yrs 80% 3.99% 3.89% 0.10% 5.5%*
P&N Bank Residential Fixed PI 2 yrs 90% 4.09% 3.99% 0.10% 5.51%*
P&N Bank Residential Fixed PI 3 yrs 80% 3.99% 3.89% 0.10% 5.35%*
P&N Bank Residential Fixed PI 3 yrs 90% 4.09% 3.99% 0.10% 5.38%*
P&N Bank Residential Fixed PI 4 yrs 80% 4.85% 4.75% 0.10% 5.52%*
P&N Bank Residential Fixed PI 4 yrs 90% 4.95% 4.85% 0.10% 5.55%*
P&N Bank Residential Fixed PI 5 yrs 80% 4.49% 4.39% 0.10% 5.31%*
P&N Bank Residential Fixed PI 5 yrs 90% 4.59% 4.49% 0.10% 5.35%*
RAMS Fixed Rate 2 yrs 4.14% 3.89% 0.25% 5.1%*
RAMS Fixed Rate 3 yrs 4.24% 3.99% 0.25% 5.05%*
RAMS Fixed Rate 5 yrs 4.54% 4.19% 0.35% 5.06%*
St.George Bank Residential Fixed 2 yrs 4.14% 3.90% 0.24% 5.28%*
St.George Bank Residential Fixed 3 yrs 4.24% 4.00% 0.24% 5.21%*
St.George Bank Residential Fixed 5 yrs 4.54% 4.00% 0.54% 5.17%*
St.George Bank Advantage Package Residential Fixed 2 yrs 150k+ 3.99% 3.75% 0.24% 4.95%*
St.George Bank Advantage Package Residential Fixed 3 yrs 150k+ 4.09% 3.85% 0.24% 4.92%*
St.George Bank Advantage Package Residential Fixed 5 yrs 150k+ 4.39% 3.85% 0.54% 4.95%*
Teachers Mutual Bank Standard Fixed IO 4 yrs 4.19% 3.94% 0.25% 4.84%*
Teachers Mutual Bank Standard Fixed IO 5 yrs 4.29% 3.98% 0.31% 4.82%*
Teachers Mutual Bank Fixed Rate 4 yrs 4.19% 3.94% 0.25% 4.84%*
Teachers Mutual Bank Fixed Rate 5 yrs 4.29% 3.98% 0.31% 4.82%*
The Rock Residential Fixed 2 yrs 80% 3.89% 3.69% 0.20% 5.41%*
The Rock Residential Fixed 3 yrs 80% 3.94% 3.74% 0.20% 5.28%*
The Rock Rockstar Package Residential Fixed 2 yrs 80% 150k+ 3.89% 3.69% 0.20% 4.51%*
The Rock Rockstar Package Residential Fixed 3 yrs 80% 150k+ 3.94% 3.74% 0.20% 4.5%*
UniBank Standard Fixed IO 2 yrs 3.74% 3.69% 0.05% 4.91%*
UniBank Standard Fixed IO 3 yrs 3.84% 3.69% 0.15% 4.82%*
UniBank Standard Fixed IO 4 yrs 4.19% 3.94% 0.25% 4.84%*
UniBank Standard Fixed IO 5 yrs 4.29% 3.94% 0.35% 4.82%*
UniBank Fixed Rate 2 yrs 3.74% 3.69% 0.05% 4.91%*
UniBank Fixed Rate 3 yrs 3.84% 3.69% 0.15% 4.82%*
UniBank Fixed Rate 4 yrs 4.19% 3.94% 0.25% 4.84%*
UniBank Fixed Rate 5 yrs 4.29% 3.94% 0.35% 4.82%*
Westpac Fixed Options 2 yrs 4.19% 3.95% 0.24% 5.22%*
Westpac Fixed Options 3 yrs 4.29% 4.05% 0.24% 5.16%*
Westpac Fixed Options 5 yrs 4.59% 4.05% 0.54% 5.13%*
Westpac Premier Advantage Fixed Options 2 yrs 150k+ 3.99% 3.75% 0.24% 4.94%*
Westpac Premier Advantage Fixed Options 3 yrs 150k+ 4.09% 3.85% 0.24% 4.91%*
Westpac Premier Advantage Fixed Options 5 yrs 150k+ 4.39% 3.85% 0.54% 4.94%*
Yellow Brick Road Empower Fixed IO 1 yr 4.44% 4.19% 0.25% 4.12%*
Yellow Brick Road Empower Fixed IO 2 yrs 4.44% 4.14% 0.30% 4.15%*
Yellow Brick Road Empower Fixed IO 3 yrs 4.49% 4.19% 0.30% 4.19%*
Yellow Brick Road Empower Fixed IO 4 yrs 4.64% 4.39% 0.25% 4.28%*
Yellow Brick Road Empower Fixed IO 5 yrs 4.74% 4.19% 0.55% 4.36%*
Yellow Brick Road Empower Fixed PI 1 yr 4.19% 3.99% 0.20% 3.89%*
Yellow Brick Road Empower Fixed PI 2 yrs 4.19% 3.94% 0.25% 3.92%*
Yellow Brick Road Empower Fixed PI 3 yrs 4.24% 3.99% 0.25% 3.96%*
Yellow Brick Road Empower Fixed PI 4 yrs 4.39% 4.19% 0.20% 4.04%*
Yellow Brick Road Empower Fixed PI 5 yrs 4.49% 3.99% 0.50% 4.12%*
Yellow Brick Road Empower Package Empower Fixed IO 1 yr 100k+ 4.44% 4.19% 0.25% 4.11%*
Yellow Brick Road Empower Package Empower Fixed IO 2 yrs 100k+ 4.44% 4.14% 0.30% 4.15%*
Yellow Brick Road Empower Package Empower Fixed IO 3 yrs 100k+ 4.49% 4.19% 0.30% 4.19%*
Yellow Brick Road Empower Package Empower Fixed IO 4 yrs 100k+ 4.64% 4.39% 0.25% 4.28%*
Yellow Brick Road Empower Package Empower Fixed IO 5 yrs 100k+ 4.74% 4.19% 0.55% 4.36%*
Yellow Brick Road Empower Package Empower Fixed PI 1 yr 100k+ 4.19% 3.99% 0.20% 3.88%*
Yellow Brick Road Empower Package Empower Fixed PI 2 yrs 100k+ 4.19% 3.94% 0.25% 3.91%*
Yellow Brick Road Empower Package Empower Fixed PI 3 yrs 100k+ 4.24% 3.99% 0.25% 3.96%*
Yellow Brick Road Empower Package Empower Fixed PI 4 yrs 100k+ 4.39% 4.19% 0.20% 4.04%*
Yellow Brick Road Empower Package Empower Fixed PI 5 yrs 100k+ 4.49% 3.99% 0.50% 4.12%*

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


CANSTAR is an information provider and in giving you product information CANSTAR is not making any suggestion or recommendation about a particular credit product. If you decided to apply for a home loan, you will deal directly with a financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our 
detailed disclosure, important notes and additional information. *Read the Comparison Rate Warning.

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