Five per cent home loans with no fees

Online direct lender MyRate.com.au yesterday announced a one per cent reduction in its variable rate mortgage product, effective from the beginning of next week, the 16th February 2009. MyRate's fully featured standard variable rate home loan rate is now 5.03%p.a. (or 4.99 per cent per annum for loans above $600k) with no fees on standard applications.

Source: MyRate.com.au

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