Rates decline
Variable housing lending rates have sunk to record lows.
3-year fixed rate mortgages are now available from 2.29 per cent, with the lowest 2-year fixed rate now at a record low of 2.07 per cent.
And interest rates on outstanding housing loans also continue to decline.
A remarkable set of charts on policy rates, the real cash rate, bond yields, and lending rates here from the RBA.
