Fixed-rate fall reopens lock-in window

After steadily rising over the last half of 2003, home loan fixed rates have edged down in January giving borrowers some breathing space on decisions to lock in. A number of lenders have lowered their fixed rates by up to 0.25 percentage points in past few weeks. Although the most attractive fixed rates have gone for this cycle, it is still possible to fix for three years at 7 per cent or below at a time when the standard variable bank rate is 7.07 per cent and fully expected to rise further. The best four and five-year rates are currently 7 to 7.25 per cent while there a number of one and two-year rates to be found between 6.6 and 7 per cent.
Full fixed rate rundown
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