’s two-year fixed rate special has been cut from 3.19% p.a. to 2.99% p.a. (3.29% p.a. comparison rate*).

The three-year fixed rate special has also been cut to 2.99% p.a. (3.27% p.a. comparison rate*).

Both fixed-rate loans are for owner-occupiers making principal and interest (P&I) repayments with an LVR up to 80%.

For investors making interest-only repayments (IO), now offers a fixed-rate home loan with one of the lowest comparison rates of its kind on the market.’s Managing Director Marie Mortimer said the new low rates would help borrowers lock-in historically low rates.

“Fixed-rate loans offer a number of advantages over a variable rate loan because they make budgeting easier and protect you from any future interest rate rises,” Ms Mortimer said.

“No-one can predict where variable rates will go from here but with rates this low, the potential benefits from further variable rate cuts are tiny and locking in these extraordinarily low fixed rates is an increasingly attractive option.”

Ms Mortimer said that borrowers who were considering switching to a fixed rate should take the opportunity to reassess their loan provider and think about refinancing.

“Home loans tend to be set and forget so, on those rare occasions when you take the time to focus on your home loan, make a point of checking out the other options in the market too,” Ms Mortimer said.

“Many people are keen to leave the big banks and are surprised to discover how easy it is to refinance and the great deals that are out there with online lenders.

“Most of our customers tell us that they delayed refinancing because they thought it would be a big hassle but it turned out to be much simpler than they expected and well worth the time invested.”

In the interests of full disclosure, and are a part of the Firstmac Group. To read about how manages potential conflicts of interest, along with how we get paid, please click through onto the web site links. 

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