Thursday, 12 November 2020

Majors to drop floor rates

Serviceability improving

Another big move from a major lender.

Floor rates dropping another 30 basis points to 5.10 per cent....


Last year loans were being assessed at 7.25 per cent, so this is significant.

There are also now some 31 lenders offering fixed rates from below 2 per cent, according to the detailed research by RateCity.