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

  • loans.com.au

    4.48% p.a.
    fixed 2 years

    4.32% p.a.

    $1234

    Product details Close details
    Smart Loan Fixed 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.

    • 4.64% p.a.
      fixed 3 years

    • 4.37% 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

    • Interest Only

    • Investor

    • Weekly, Fortnightly, Monthly

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

  • Newcastle Permanent

    3.94% p.a.
    fixed 2 years

    4.91% p.a.

    $1234

    Product details Close details
    Fixed Rate Home Loan

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

    • 4.04% p.a.
      fixed 3 years

    • 4.84% 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

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

  • ME

    3.99% p.a.
    fixed 2 years

    4.92% p.a.

    $1234

    Product details Close details
    Flexible Home Loan

    Option to split your loan into fixed and variable

    • 4.14% p.a.
      fixed 3 years

    • 4.87% p.a.

    • $400

    • $0.00

    • $350.00

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

    • no

    • no

    • 80.00%

    • $40,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

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

  • UBank

    3.59% p.a.
    fixed 1 year

    4.14% p.a.

    $1234

    Product details Close details
    UHomeLoan

    $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

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the UHomeLoan

  • Hot Deal QLD only

    QBANK

    3.75% p.a.
    fixed 3 years

    4.36% p.a.

    $1234

    Product details Close details
    Fixed Rate Special

    Fixed Rate Home Loan Special, with no monthly fees and no extra penalty for extra repayments. Special offer, save up to $700 in upfront fees.

    • 3.75% p.a.
      fixed 3 years

    • 4.36% p.a.

    • $195

    • $0.00

    • $200.00

    • yes - free up to $10,000 p.a.

    • yes - free

    • no

    • 90.00%

    • $150,000

    • $2,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

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

  • NAB

    3.89% p.a.
    fixed 1 year

    4.84% p.a.

    $1234

    Product details Close details
    Tailored Home Loan Choice Package

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

    • 3.99% p.a.
      fixed 3 years

    • 4.94% p.a.

    • $0

    • $395.00 yearly

    • $350.00

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

    • no

    • no

    • 95.00%

    • $250,000

    • $749,999

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Tailored Home Loan Choice Package

  • UBank

    3.74% p.a.
    fixed 3 years

    4.01% p.a.

    $1234

    Product details Close details
    UHomeLoan

    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

    Read our Mozo Review to learn more about the UHomeLoan

  • loans.com.au

    3.89% p.a.
    fixed 2 years

    3.78% p.a.

    $1234

    Product details Close details
    Smart Loan Fixed 90 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.

    • 3.99% 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

    Read our Mozo Review to learn more about the Smart Loan Fixed 90 Package

  • NAB

    3.89% p.a.
    fixed 2 years

    5.21% p.a.

    $1234

    Product details Close details
    Tailored Home Loan

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

    • 4.09% p.a.
      fixed 3 years

    • 5.15% 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

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

  • loans.com.au

    3.94% p.a.
    fixed 1 year

    3.94% p.a.

    $1234

    Product details Close details
    Fixed Home Loan 90

    Available for purchase or refinance. 1, 2 or 3 year fixed rate options available.

    • 4.29% p.a.
      fixed 3 years

    • 4.02% 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

    Read our Mozo Review to learn more about the Fixed Home Loan 90

*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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