Borrowers race to fix below 4.00%

Kelly Emmerton   |   06 Aug 2018

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As lenders slash fixed rates left, right and centre, borrowers are racing to lock in a great home loan deal while they last.

In the past month, 14 lenders in Mozo’s database have reduced fixed rates by an average of 0.16%. On the other hand, variable rates have been steadily climbing, making a fixed rate offer all the more attractive for frugal Aussie borrowers.

“If you’ve been thinking about locking your mortgage rate in, now could be the perfect time to take the plunge while lenders are enticing borrowers with lower and lower fixed rates,” says Mozo Director Kirsty Lamont.

There are currently 184 fixed rate offers under 4.00% across terms between 1 and 5 years in the Mozo database, so borrowers are spoilt for choice when it comes to finding a great deal. Check out some hot options available today.

Fixed rate home loan comparisons on Mozo - rates updated daily

  • Smart Loan Fixed

    Investment, Interest Only

    3.89% p.a.
    fixed 2 years

    4.32% p.a.

    Available for both Principal & Interest and Interest only. Available for purchase or refinance. 2 or 3 year fixed rate options available. No ongoing fees. Package your home loan with your investment and get the same low fixed rate.

    • 3.99% p.a.
      fixed 3 years

    • 4.31% p.a.

    • $520

    • $0.00

    • $0.00

    • yes - free up to $10,000 p.a.

    • no

    • no

    • 80.00%

    • $50,000

    • $1,000,000

    • Fixed

    • Principal & Interest, Interest Only

    • Investor

    • Weekly, Fortnightly, Monthly

    Details Close

  • Fixed Rate Home Loan

    Owner Occupier, Principal & Interest

    3.89% p.a.
    fixed 2 years

    4.90% p.a.

    Experts Choice - Australia's Best Customer-Owned Banking & Home Lender of the Year 2018

    • 3.94% p.a.
      fixed 3 years

    • 4.81% p.a.

    • $0

    • $0.00

    • $0.00

    • yes - free up to $25,000 p.a.

    • no

    • no

    • 95.00%

    • $5,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

  • Basic Home Loan

    Fixed, Owner Occupier

    3.94% p.a.
    fixed 3 years

    3.92% p.a.

    Free redraw & no monthly fees

    • 3.94% p.a.
      fixed 3 years

    • 3.92% p.a.

    • $0

    • $0.00

    • $250.00

    • no

    • no

    • no

    • 95.00%

    • $10,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

  • UHomeLoan

    Owner Occupier, Interest Only

    3.59% p.a.
    fixed 1 year

    4.14% p.a.

    $0 ongoing fees, $0 annual fees & easy apply. Choose between weekly, fortnightly or monthly repayments.

    • 3.74% p.a.
      fixed 3 years

    • 4.01% p.a.

    • $395

    • $0.00

    • $0.00

    • yes - free up to $20,000 p.a.

    • no

    • no

    • 80.00%

    • $100,000

    • $2,000,000

    • Fixed

    • Interest Only

    • Owner Occupier

    • Monthly

    Details Close

  • Tailored Home Loan

    Owner Occupier, Principal & Interest, Fixed

    3.98% p.a.
    fixed 2 years

    5.14% p.a.

    No upfront fees & Make free extra repayments up to $20K in the fixed period

    • 4.04% p.a.
      fixed 3 years

    • 5.05% p.a.

    • $600

    • $8.00 monthly

    • $350.00

    • yes - free up to $20,000 during the fixed rate period

    • no

    • no

    • 95.00%

    • $20,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

  • Flexible Home Loan

    Fixed, Owner Occupier, LVR<80%, Principal & Interest

    4.14% p.a.
    fixed 3 years

    4.81% p.a.

    Option to split your loan into fixed and variable

    • 4.14% p.a.
      fixed 3 years

    • 4.81% p.a.

    • $400

    • $0.00

    • $300.00

    • yes - free up to $30,000 during fixed rate period

    • no

    • no

    • 80.00%

    • $40,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

  • My Life Home Loan

    Owner Occupier

    3.69% p.a.
    fixed 2 years

    4.39% p.a.

    Unlimited free online redraws and a low annual package fee.

    • 3.85% p.a.
      fixed 3 years

    • 4.40% p.a.

    • $495

    • $350.00 yearly

    • $180.00

    • yes - free up to $10,000 p.a.

    • yes - free

    • no

    • 95.00%

    • $150,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

  • Fixed Rate Home Loan

    Owner Occupier, Principal & Interest

    3.90% p.a.
    fixed 3 years

    4.78% p.a.

    Lock in a fixed rate home loan today, with a flexible loan term options

    • 3.90% p.a.
      fixed 3 years

    • 4.78% p.a.

    • $600

    • $0.00

    • $395.00

    • yes - fee applies

    • no

    • no

    • 95.00%

    • $20,000

    • $2,500,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

  • Smart Loan Fixed 90

    Owner Occupier, Principal & Interest

    3.89% p.a.
    fixed 2 years

    3.78% p.a.

    Available for both Principal & Interest and Interest only. Available for purchase or refinance. 2 or 3 year fixed rate options available. No ongoing fees. Package your home loan with your investment and get the same low fixed rate.

    • 3.99% p.a.
      fixed 3 years

    • 3.80% p.a.

    • $520

    • $0.00

    • $0.00

    • yes - free up to $10,000 p.a.

    • no

    • no

    • 90.00%

    • $50,000

    • $1,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

  • UHomeLoan

    Owner Occupier, Principal & Interest

    3.74% p.a.
    fixed 3 years

    4.01% p.a.

    Fast, easy apply & no ongoing fees. Choose between weekly, fortnightly or monthly repayments.

    • 3.74% p.a.
      fixed 3 years

    • 4.01% p.a.

    • $395

    • $0.00

    • $0.00

    • yes - free up to $20,000 p.a.

    • no

    • no

    • 80.00%

    • $100,000

    • $2,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Details Close

*WARNING: This comparison rate applies only to the example or examples 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 comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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