Home loan check-in: Are fixed rates on their way back up?
Home loan check-in: Are fixed rates on their way back up? Wednesday, 7 April 2021
Ultra-cheap fixed rates have fuelled a rush to the property market and sent home values soaring, but a number of banks have begun increasing long-term fixed offerings, suggesting a market slowdown might be just around the corner.
With the RBA’s term funding facility due to end in the second half of the year, longer term fixed rates will likely drift upwards, meaning the current interest rate environment might look a lot different in just a few months’ time.
4 lenders are offering $3,000 cashback to refinance your home loan
4 lenders are offering $3,000 cashback to refinance your home loan
Thinking about switching your mortgage? You might not know it but refinancers are in high demand, with lenders throwing everything at eligible borrowers looking to switch to a new home loan.
We’re not just talking about some of the seriously competitive interest rates around right now either, because a host of lenders are also offering extra incentives like cashback offers.
In fact, 22 lenders in the Mozo database currently have cashback deals on the table for eligible refinancers, including four banks that are offering $3,000 or more: Bank of Queensland ($3,000), Citi ($3,000), HSBC ($3,288) and Virgin Money ($3,000).