What are the average home loan rates?
Average home loan interest rates went down across all types of loans in the three months to the end of December 2014.
Average five-year fixed rates plunged 0.43 per cent to 4.75 per cent. Average three-year fixed rates went down 0.32 per cent to 4.61 per cent. Average one-year fixed rates fell 0.19 per cent to 4.55 per cent.
The average variable home loan interest rate fell 0.26 per cent to 5.07 per cent.
Source: Mortgage Business