TOP VALUE MORTGAGES
(BASED ON A BASIC NO-FRILLS LOAN, $350,000 OVER 30 YEARS)
Variable rate:
Bank lender: NAB Tailor Choice, variable rate 6.54%, real interest rate 6.70%*
Mutual: Newcastle Permanent, variable rate 6.49%, real interest rate 6.63%
3-year fixed rate:
3-year fixed rate:
Bank lender: AMP Bank, fixed rate 7.14%, real interest rate 7.41%
Mutual: CUA, fixed rate 6.75%, real interest rate 6.88%
5-year fixed rate:
5-year fixed rate:
Bank lender: ING Direct, fixed rate 7.44%, real interest rate 7.07%
Mutual: Heritage Building Society, fixed rate 7.29%, real interest rate 7.20%
*Real interest rate (RIR) is a rate incorporating interest plus the lender’s fees and charges for establishing, maintaining and exiting a loan.
*Real interest rate (RIR) is a rate incorporating interest plus the lender’s fees and charges for establishing, maintaining and exiting a loan.
1 comment:
They are not too bad, did the newsletter mention anything about predictions of where they see Interest rates in the near future?
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