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.

Fantastic fixed rate home loan offers - rates updated daily

  • Promoted

    UBank

    2.99% p.a.
    fixed 1 year

    3.86% p.a.

    $1234

    Product details Close details
    UHomeLoan

    1 year fixed rates are for new Owner Occupier Principal & Interest loans. Fast, easy apply & no ongoing fees. Choose between weekly, fortnightly or monthly repayments.

    • n/a

    • n/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

    Read our Mozo Review to learn more about the UHomeLoan

  • Promoted

    Bank of Queensland

    2.99% p.a.
    fixed 3 years

    4.19% p.a.

    $1234

    Product details Close details
    3 Year Discount Fixed Rate

    Apply by 31 August 2019. Minimum loan amount of $300k and LVR max of 80%. Free additional repayments up to $5,000 per year. $1,000 cashback for first home buyers

    • 2.99% p.a.
      fixed 3 years

    • 4.19% p.a.

    • $450

    • $10.00 monthly

    • $320.00

    • yes - free up to $5,000 p.a

    • no

    • no

    • 80.00%

    • $300,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the 3 Year Discount Fixed Rate

  • Promoted

    IMB Bank

    3.49% p.a.
    fixed 2 years

    4.40% p.a.

    $1234

    Product details Close details
    Fixed Home Loan

    Free extra repayments up to 1 year in advance & borrow up to 90% of the property value

    • 3.49% p.a.
      fixed 3 years

    • 4.32% p.a.

    • $799

    • $6.00 monthly

    • $350.00

    • yes - free up to 1 year in advance

    • yes - free

    • no

    • 90.00%

    • $10,000

    • $5,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Home Loan

  • Promoted

    Newcastle Permanent

    3.49% p.a.
    fixed 3 years

    4.40% p.a.

    $1234

    Product details Close details
    Fixed Rate Home Loan Premium Plus Package

    Winner of two Mozo Experts Choice Awards 2019 - Fixed Rate Home Loan & Investor Fixed Home Loan.^

    • 3.49% p.a.
      fixed 3 years

    • 4.40% p.a.

    • $0

    • $395.00 yearly

    • $0.00

    • yes - free up to $25,000 p.a.

    • yes - free

    • no

    • 95.00%

    • $5,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Rate Home Loan

  • Promoted

    Tic:Toc

    2.99% p.a.
    fixed 2 years

    3.15% p.a.

    $1234

    Product details Close details
    Fixed Home Loan

    Get full approval online. Tic:Toc’s award-winning platform could save you thousands with low fixed rates and no application, valuation or settlement fees. Fee free redraws. Add an optional offset account for $10 per month. Mozo Experts Choice Awards - Online Home Lender of the Year 2019

    • n/a

    • n/a

    • $0

    • $0.00

    • $325.00

    • yes - free, up to $20,000

    • yes - free

    • Optional - $10 per month

    • 90.00%

    • $50,000

    • $2,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Home Loan

  • Promoted

    Bank of Queensland

    3.19% p.a.
    fixed 3 years

    4.25% p.a.

    $1234

    Product details Close details
    Discount Fixed Rate

    $1000 cashback for first home buyers. Apply by 31 August 2019. No minimum loan amount. Free additional repayments up to $5,000 per year.

    • 3.19% p.a.
      fixed 3 years

    • 4.25% p.a.

    • $450

    • $10.00 monthly

    • $320.00

    • yes - free up to $5,000 p.a

    • no

    • no

    • 80.00%

    • $150,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Discount Fixed Rate

  • Promoted

    loans.com.au

    3.19% p.a.
    fixed 3 years

    3.43% p.a.

    $1234

    Product details Close details
    Fixed Rate Special Offer

    This 2 Year Fixed Rate Special Offer for purchase or refinance, with rate lock option available. No monthly or ongoing fees.

    • 3.19% p.a.
      fixed 3 years

    • 3.43% 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

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Rate Special Offer

  • Promoted

    UBank

    2.99% p.a.
    fixed 3 years

    3.63% p.a.

    $1234

    Product details Close details
    UHomeLoan

    3 year fixed rates are for new Owner Occupier Principal & Interest loans. Fast, easy apply & no ongoing fees. Choose between weekly, fortnightly or monthly repayments.

    • 2.99% p.a.
      fixed 3 years

    • 3.63% 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

    Read our Mozo Review to learn more about the UHomeLoan

  • Promoted

    loans.com.au

    3.19% p.a.
    fixed 2 years

    3.67% p.a.

    $1234

    Product details Close details
    Smart Loan Fixed 80 Package

    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.

    • 3.19% p.a.
      fixed 3 years

    • 3.63% 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

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Smart Loan Fixed 80

*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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