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Floating - the best place to be

Thursday, December 3rd 2009, 12:42PM

As the above graph suggests, the best place to be in the home loan mortage market at the moment is floating. 

Floating rates have dropped on average 90 basis points since the beginning of the year whereas the median five-year fixed rates have risen over 150 basis points (shown in purple above).  The other interesting point to note is that ANZ has not altered its floating rate since March when it dropped it 50 basis points.

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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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