What is the lowest home loan rate in Australia?

Right now, in May 2016, the best (the lowest) standard variable home loan interest rate in the market is around 3.73 per cent, down from 3.98 per cent one year ago. The average variable home loan interest rate is currently 4.77 per cent. That average is 1.04 per cent above the lowest rate which will add thousands of dollars to repayments on the average mortgage. The lowest three year fixed home loan interest rate now available is around 3.89 per cent per annum, down from 3.99 per cent one year ago.

Source: The New Daily

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