More borrowers taking fixed rates, but caution urged while variable rates dropping

RateCity Staff
May 15, 2012( 1 min read )

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3-year fixed home loan rates now at lowest absolute levels in three years. New ABS data shows highest number of fixed home loans written since May 2008. Borrowers need to focus on the gap with variable: could be $1,600 worse off by fixing if variable rates fall further!

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