Borrowers race to fix below 4.00%
Kelly Emmerton
06 Aug 2018
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
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Promoted
UBank
2.99% p.a.
fixed 1 year3.86% p.a.
$1234
Product details Close detailsUBank UHomeLoan
Owner Occupier, Principal & Interest
2.99% p.a.
fixed 1 year3.86% p.a.
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.
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.
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n/a
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n/a
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$395
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$0.00
-
$0.00
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yes - free up to $20,000 p.a.
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no
-
no
-
80.00%
-
$100,000
-
$2,000,000
-
Fixed
-
Principal & Interest
-
Owner Occupier
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Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the UHomeLoan
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Promoted
Bank of Queensland2.99% p.a.
fixed 3 years4.19% p.a.
$1234
Product details Close detailsBank of Queensland3 Year Discount Fixed Rate
Owner Occupier, Principal & Interest
2.99% p.a.
fixed 3 years4.19% p.a.
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
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
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2.99% p.a.
fixed 3 years -
4.19% p.a.
-
$450
-
$10.00 monthly
-
$320.00
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yes - free up to $5,000 p.a
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no
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no
-
80.00%
-
$300,000
-
-
-
Fixed
-
Principal & Interest
-
Owner Occupier
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Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the 3 Year Discount Fixed Rate
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Promoted
IMB Bank3.49% p.a.
fixed 2 years4.40% p.a.
$1234
Product details Close detailsIMB BankFixed Home Loan
LVR<90%, Owner Occupier, Principal & Interest
3.49% p.a.
fixed 2 years4.40% p.a.
Free extra repayments up to 1 year in advance & borrow up to 90% of the property value
Fixed Home Loan
Free extra repayments up to 1 year in advance & borrow up to 90% of the property value
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3.49% p.a.
fixed 3 years -
4.32% p.a.
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$799
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$6.00 monthly
-
$350.00
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yes - free up to 1 year in advance
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yes - free
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no
-
90.00%
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$10,000
-
$5,000,000
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Fixed
-
Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Fixed Home Loan
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Featured Product
ME3.43% p.a.
fixed 2 years4.05% p.a.
$1234
Product details Close detailsMEFlexible Home Loan Member Package
Fixed, Owner Occupier, LVR less than 80%, Principal & Interest
3.43% p.a.
fixed 2 years4.05% p.a.
Option to split your loan into fixed and variable for 1-7 years. Offset available on the variable rate facility. Extra repayments up to $30K during fixed rate period and free redraws available (above $500) when you're ahead of your payments.
Flexible Home Loan Member Package
Option to split your loan into fixed and variable for 1-7 years. Offset available on the variable rate facility. Extra repayments up to $30K during fixed rate period and free redraws available (above $500) when you're ahead of your payments.
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3.58% p.a.
fixed 3 years -
4.26% p.a.
-
$200
-
$395.00 yearly
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$350.00
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yes - free up to $30,000 during fixed rate period
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no
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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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Promoted
Newcastle Permanent 3.49% p.a.
fixed 3 years4.40% p.a.
$1234
Product details Close detailsNewcastle Permanent Fixed Rate Home Loan Premium Plus Package
Owner Occupier, Principal & Interest
3.49% p.a.
fixed 3 years4.40% p.a.
Winner of two Mozo Experts Choice Awards 2019 - Fixed Rate Home Loan & Investor Fixed Home Loan.^
Fixed Rate Home Loan Premium Plus Package
Winner of two Mozo Experts Choice Awards 2019 - Fixed Rate Home Loan & Investor Fixed Home Loan.^
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3.49% p.a.
fixed 3 years -
4.40% p.a.
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$0
-
$395.00 yearly
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$0.00
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yes - free up to $25,000 p.a.
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yes - free
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no
-
95.00%
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$5,000
-
-
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Fixed Rate Home Loan
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Promoted
Tic:Toc 2.99% p.a.
fixed 2 years3.15% p.a.
$1234
Product details Close detailsTic:Toc Fixed Home Loan
Owner Occupier, Principal & Interest
2.99% p.a.
fixed 2 years3.15% p.a.
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
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
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n/a
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n/a
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$0
-
$0.00
-
$325.00
-
yes - free, up to $20,000
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yes - free
-
Optional - $10 per month
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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
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Promoted
Bank of Queensland3.19% p.a.
fixed 3 years4.25% p.a.
$1234
Product details Close detailsBank of QueenslandDiscount Fixed Rate
Owner Occupier, Principal & Interest
3.19% p.a.
fixed 3 years4.25% p.a.
$1000 cashback for first home buyers. Apply by 31 August 2019. No minimum loan amount. Free additional repayments up to $5,000 per year.
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.
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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
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Promoted
loans.com.au3.19% p.a.
fixed 3 years3.43% p.a.
$1234
Product details Close detailsloans.com.auFixed Rate Special Offer
Owner Occupier, Principal & Interest
3.19% p.a.
fixed 3 years3.43% p.a.
This 2 Year Fixed Rate Special Offer for purchase or refinance, with rate lock option available. No monthly or ongoing fees.
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.
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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
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-
Promoted
UBank 2.99% p.a.
fixed 3 years3.63% p.a.
$1234
Product details Close detailsUBank UHomeLoan
Owner Occupier, Principal & Interest
2.99% p.a.
fixed 3 years3.63% p.a.
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.
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.au3.19% p.a.
fixed 2 years3.67% p.a.
$1234
Product details Close detailsloans.com.auSmart Loan Fixed 80 Package
Owner Occupier, Principal & Interest
3.19% p.a.
fixed 2 years3.67% 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.
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
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