Fixed Rate Mortgages

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Fixed Rate Mortgages

If you have decided a fixed rate mortgage is the right choice for your home loan needs then it’s only a matter of choosing a lender. Interest rates, fees and repayments will be your main comparison features so start searching and comparing Australian mortgages here at RateCity.

With a fixed rate mortgage your interest rate is locked in for an agreed period of your loan term. At the end of this fixed period you have the choice to switch to a variable rate or fix the loan for another few years.

A lot of Australian borrowers choose a fixed rate so they can take advantage of low interest rates by locking it in for a set period, usually from one to ten years. This offers them financial certainty and the ability to budget their set repayments each month, as they won’t be affected by fluctuating interest rates.

There are a few things to consider if you are still juggling your decision to fix your rate or leave it as a variable interest rate mortgage. The main considerations are interest rate rise and falls and home loan features.

If you are fortunate enough to lock in your fixed rate before an interest rate increase then you could enjoy lower fixed rates while the variable rates rise. On the flip side, if there is an interest rate fall during your fixed rate period you will not be able to benefit from this and may end up paying higher interest than those on a variable rate.

The other thing to consider is the home loan features offered for fixed and variable mortgages. Home loan features vary from lender to lender and from loan type. In general, fixed loans are less flexible than variable loans and may have more limited features, for example you can’t break a fixed loan without incurring a penalty. This isn’t the case for variable rate home loans.

Whether your decision is fixed or not, make it easier on yourself by comparing a range of some of Australia’s most attractive fixed rate mortgages below.

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We found 55 products that match your search

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Company Product Advertised Rate Comparison Rate Application Fees Monthly Repayment Go To Site
Select up to 3 products to compare
UBank UHomeLoan Fixed 5 yrs 5.43% Fixed 5 years 5.08% $395 $1,322.26 Go to Site
IMB Residential Fixed 1 yr 3.99% Fixed 1 year 5.10% $445 $1,405.39 Go to Site
IMB Residential Fixed 2 yrs 4.79% Fixed 2 years 5.15% $445 $1,405.39 Go to Site
IMB Residential Fixed 3 yrs 4.89% Fixed 3 years 5.15% $445 $1,405.39 Go to Site
CUA Residential Fixed 3 yrs 4.69% Fixed 3 years 5.26% $600 $1,403.83 Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 3 yrs 4.69% Fixed 3 years 5.28% $500 $1,332.90 Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 2 yrs 4.69% Fixed 2 years 5.30% $500 $2.13 Go to Site
Newcastle Permanent Residential Fixed 5 yrs 4.95% Fixed 5 years 5.30% $0 $1,542.69 Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 1 yr 4.49% Fixed 1 year 5.30% $500 $1,332.90 Go to Site
CUA Residential Premium Fixed 3 yrs 4.84% Fixed 3 years 5.30% $600 $1,403.83 Go to Site
Newcastle Permanent Residential Fixed 4 yrs 4.95% Fixed 4 years 5.34% $0 $1,542.69 Go to Site
Newcastle Permanent Residential Fixed 3 yrs 4.79% Fixed 3 years 5.35% $0 $1,542.69 Go to Site
Newcastle Permanent Residential Fixed 2 yrs 4.49% Fixed 2 years 5.35% $0 $1,427.33 Go to Site
IMB Residential Fixed 4 yrs 5.54% Fixed 4 years 5.37% $445 $1,405.39 Go to Site
CUA Residential Premium Fixed 2 yrs 4.99% Fixed 2 years 5.38% $600 $1,403.83 Go to Site
CUA Residential Premium Fixed 5 yrs 5.30% Fixed 5 years 5.42% $600 $1,403.83 Go to Site
CUA Residential Premium Fixed 1 yr 4.99% Fixed 1 year 5.42% $600 $1,403.83 Go to Site
IMB Residential Fixed 5 yrs 5.59% Fixed 5 years 5.42% $445 $1,405.39 Go to Site
Newcastle Permanent Residential Fixed 1 yr 4.49% Fixed 1 year 5.45% $0 $1,427.33 Go to Site
nab Choice Package Standard Fixed 5 yrs 150k+ 4.99% Fixed 5 years 5.52% $0 $1,502.55 Go to Site
nab Choice Package Standard Fixed 4 yrs 150k+ 4.99% Fixed 4 years 5.54% $0 $1,502.55 Go to Site
nab Choice Package Standard Fixed 3 yrs 150k+ 4.94% Fixed 3 years 5.55% $0 $1,502.55 Go to Site
nab Choice Package Standard Fixed 2 yrs 150k+ 4.84% Fixed 2 years 5.56% $0 $1,502.55 Go to Site
nab Choice Package Tailored Fixed IO 5 yrs 150k+ 5.09% Fixed 5 years 5.57% $0 $1,502.55 Go to Site
nab Choice Package Tailored Fixed IO 4 yrs 150k+ 5.09% Fixed 4 years 5.58% $0 $1,502.55 Go to Site

Showing 1 - 25 of 55 results

Show: 10 25 50 All Results

Data last updated August 2nd, 2014

The comparison rate is based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. The monthly repayment is based on the advertised rate, your chosen loan amount and a 25 year loan term.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.