Wow – you really need to compare rates today

The spread between the highest and lowest standard variable mortgage rates is getting bigger and now more than two per cent.

The lowest rates now available in the market are below four per cent, while some lenders are charging around 6 per cent for a standard mortgage.

Over the life of an average home loan, two per cent off a home loan rate could translate to savings of around $90,000 – $100,000.

Source: Mortgage Business

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