Down we go
Here come the record low mortgage rates as interest rates fall.
And yields are not just falling in Australia by the way.
Despite the Fed's optimism, financial markets are now pricing for three rate cuts in the US by the end of next year too.
Greater Bank will be the first Aussie lender to offer a 1-year fixed rate product at 2.99 per cent.
(Source: Gemma Acton, Rate City)
Earlier today National Australia Bank cut its 2-year fixed mortgage rates by 20 basis points to 3.59 per cent, including a first homebuyer special at 3.49 per cent.
And Bank of Queensland is now offering 3-year fixed rates from 3.39 per cent.
But they could be heading lower, so do you even need to fix just yet?
And Bank of Queensland is now offering 3-year fixed rates from 3.39 per cent.
But they could be heading lower, so do you even need to fix just yet?
