Broker offers 2.99% for one year
Mortgage broker Assured Home Loans is offering a fixed interest rate of 2.99% on home loans for the first 12 months.
The rate means mortgage holders with a $250,000 loan over 30 years would save about $400 per month, compared with a standard variable rate, paying around $1050 per month instead of $1450.
After 12 months, the mortgage-holder would pay the Commonwealth Bank’s fixed rate of 5.64% for the remainder of the loan.
