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
    Go to site
    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

    Go to site

  • Newcastle Permanent

    3.94% p.a.
    fixed 2 years

    4.91% p.a.

    $1234

    Product details Close details
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    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

    Go to site

  • ME

    3.99% p.a.
    fixed 2 years

    4.92% p.a.

    $1234

    Product details Close details
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    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

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  • UBank

    3.59% p.a.
    fixed 1 year

    4.14% p.a.

    $1234

    Product details Close details
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    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

    Go to site

  • Hot Deal QLD only

    QBANK

    3.75% p.a.
    fixed 3 years

    4.36% p.a.

    $1234

    Product details Close details
    Go to site
    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

    Go to site

  • NAB

    3.89% p.a.
    fixed 1 year

    4.84% p.a.

    $1234

    Product details Close details
    Go to site
    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

    Go to site

  • UBank

    3.74% p.a.
    fixed 3 years

    4.01% p.a.

    $1234

    Product details Close details
    Go to site
    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

    Go to site

  • loans.com.au

    3.89% p.a.
    fixed 2 years

    3.78% p.a.

    $1234

    Product details Close details
    Go to site
    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

    Go to site

  • NAB

    3.89% p.a.
    fixed 2 years

    5.21% p.a.

    $1234

    Product details Close details
    Go to site
    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

    Go to site

  • loans.com.au

    3.94% p.a.
    fixed 1 year

    3.94% p.a.

    $1234

    Product details Close details
    Go to site
    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

    Go to site

*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.

Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.

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