With no movement from the Reserve Bank of Australia (RBA) on the cash rate this month, why aren’t Australian homeowners and investors breathing a sigh of relief? Some of Australia’s biggest banks have been hiking their home loan interest rates out of cycle from the RBA, making refinancing more challenging.
It’s important to compare home loans before you consider refinancing a home loan or investing in property. A simple way to get a better idea of a home loan’s overall value is to compare Real Time Ratings™ at RateCity, which combine each loan’s cost and flexibility into a star rating. These ratings are updated regularly to help ensure their accuracy, and are ranked in different categories on RateCity’s Home Loan Leaderboards. Some of the top-ranking home loans in different categories may also become eligible for RateCity’s Gold Awards.
(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)
Source: ratecity.com.au