What is good home loan rate?

Thousands of Australian home owners are refinancing their mortgages to grab a lower rate. There is no better way to save serious money than by lowering the interest rate you are paying on your biggest debt.

Many borrowers are paying around five per cent on their home loan. However right now there are plenty of great mortgage deals with variable or fixed rates under four per cent. Shop around compare deals today. You could be paying too much.

Source: Bankheadlines.com.au