We're seeing more borrowers starting to consider locking in at least some their home loans with a fixed rate.
On Friday, ME slashed our two-year Flexible Home Loan fixed-rate for owner-occupiers by 40 basis points to 3.89% p.a.
It’s the lowest rate ever offered by the industry super fund-owned bank; and one of the cheapest two-year fixed rates in market.
ME was able to facilitate the cut as a result of cheaper fixed rate funding.
We’re choosing to pass these saving on to customers, true to our philosophy of helping everyday Australians get ahead.
Savvy borrowers also have the option to split both our two-year fixed rate with our competitive Flexible Home Loan with Member Package variable rate for new loans of 4.19% p.a.
We’re expecting demand for fixed rates to jump as people seek certainty from the growing speculation around what variable rates will do in the foreseeable future.
We’re seeing more borrowers starting to consider locking in at least some their home loans with a fixed rate.