Home loan interest rate trends (December 2021)

We thought you might appreciate an update on the current interest rate environment given there are some interesting changes underway.

As you can see from the chart below, fixed rates are now on the rise due to the end of the RBA subsidised funding. However, variable rates, surprisingly, are falling.

This chart shows the average of the big 4 banks, however, a number of other banks are offering significantly more competitive options. Some are even offering cash backs to entice you across (minimum loan sizes and equity levels apply).

Although credit rules have tightened a little in recent times, the new year might be a good time to review your current loan. We will be closing the office from the 23rd of December until the 6th of January but are keen to assist you upon our return.

As always, please give us a call or send us an email if you have any questions.