Competition between lenders is still driving home loan rates down. On the RateCity database, there are now 53 lenders offering at least one fixed or variable rate under 2% on over 120 different home loans.
Lenders have been offering home loan rates under 2 per cent since June last year. Despite this, thousands of existing mortgage holders seem content with the idea of paying more than they may need to.
If you’re considering refinancing or seeking your first home loan, there has never been a better time to shop around. Read on to discover some of the best low rate home loans currently on the Australian market.