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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Home Loan Interest Rates

Home Loan Interest Rates have been sitting at low levels since the RBA's April 2009 decision to drop the cash rate to 3.00%. Whilst the central bank's rate is at a 49-year low, not all banks and lenders have decided to pass the rate cut onto consumers.

The ANZ bank was the first to drop their fixed rate loans, closely followed by the Commonwealth Bank.

While some borrowers see low home loan interest rates as repayment relief, others are making full use of low rates to make additional repayments on their mortgage. Additional repayments can help to trim down the amount of interest paid and the also shortens the term of your mortgage. Any lump sum payments will have the same positive effects. Changing your monthly instalments to fortnightly or weekly will also aid in reducing the interest on your loan.

The table below shows the today's best home loan interest rates, ranked by lowest variable rate loans.

Related search: Low Intro Rate Home Loans.

See all Mortgage Articles
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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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