If you haven’t heard the latest news, Greater Bank have made the move to cut fixed rates this morning, with their one year fixed rate hitting a jaw dropping 2.99% (4.42% comparison rate*) - making it the lowest one year fixed rate on the market, according to CEO, Scott Morgan.
“Fixing your home loan can give peace of mind knowing your repayments won’t ever change for a set period of time” said Mozo Director, Kirsty Lamont.
“And with Greater Bank’s new fixed rates set to shake up the mortgage market, I wouldn't be surprised if we saw other lenders cutting rates to below the 3% mark.”
But what’s a hot new rate with nothing to compare it to? Over the last few months, UBank, NAB, loans.com.au and more recently, Bank Of Queensland and Virgin Money have also cut rates across some of their fixed rate products.
So if you’re interested to check out how Greater Bank’s new fixed rates stack up, check out some great fixed rate deals below.