More banks drop fixed rates

The fixed rate market seems to be gaining some ground from their previously expensive tag.

As the short term fixed rate competition starts to hot up this is good news for borrowers are previously the rates were almost laughable.

The big banks and lenders all want a piece of it ANZ, NAB, Suncorp, Aussie, ING Direct, Homeside have dropped their fixed mortgage rates off the back of similar moves by other lenders this month.

If you are considering a short term fixed rate 1-3 years they are now looking more around the average levels.



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