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What's your current home loan rate?


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40 replies to this topic

#1 blueberrymuffin

Posted 06 February 2013 - 09:08 PM

And provider?

Ours is CBA 5.63%

Thinking of threatening to switch (Ubank 5.12%) and wondering what the current rates around are, and if anyone has gotten a better deal with their bank lately.

#2 eachschoolholidays

Posted 06 February 2013 - 09:14 PM

5.63 with the CBA too.

I'm thinking about ringing and suggesting that we are going to switch as well.

ETA - it has no fees

Edited by nlman, 06 February 2013 - 09:17 PM.


#3 Wandering

Posted 06 February 2013 - 09:15 PM

Currently 5.49% variable with ANZ breakfree. It does have a fee of $395 per year but that's it.

I had my broker negotiate that for me, and I do have two mortgages with them which helped

#4 Jersey Caramel

Posted 06 February 2013 - 09:20 PM

We switched to UBank last year, can't fault them and still haven't found a better deal. Very happy original.gif

#5 AnnBB

Posted 06 February 2013 - 09:22 PM

5.94 with CBA. We just came off our 'honeymoon rate'. Talking to our broker about seeing where we could do better is on our to do list this month.

#6 SeaPrincess

Posted 06 February 2013 - 11:35 PM

Ours is 5.4% variable with ANZ Breakfree.  As pp said, annual fee of $395.

#7 buttercup-bob

Posted 06 February 2013 - 11:43 PM

5.52% fixed with suncorp . $10 month/fee can't remember if there is a yearly one.

#8 jkate_

Posted 07 February 2013 - 12:13 AM

5.7 I think with ANZ, but no annual fee as we are on the Simplicity Loan.

#9 galba

Posted 07 February 2013 - 12:15 AM


5.4% with Commonwealth Bank.


#10 Sammij841

Posted 07 February 2013 - 09:57 AM

5.49% with Homeside is one of the best around nowadays on the variable rate.
Does the UBANK come with an offset account?

#11 lozoodle

Posted 07 February 2013 - 10:01 AM

5.49% with St George.

#12 Fossy

Posted 07 February 2013 - 10:04 AM

5.14 with NAB, we just refinanced last month. No fees, offset account, 100% variable, home and investment loans.  We were with westpac, rate of 5.64, small fees. They said they'd match when we said we were moving but too little too late!

#13 Ally'smum

Posted 07 February 2013 - 10:10 AM

QUOTE (Fossy @ 07/02/2013, 10:04 AM) <{POST_SNAPBACK}>
5.14 with NAB, we just refinanced last month. No fees, offset account, 100% variable, home and investment loans.  We were with westpac, rate of 5.64, small fees. They said they'd match when we said we were moving but too little too late!


Wow that is a great rate. I negotiated 5.61% with Westpac but they were so condescending (acting like they were doing me a favour) that I decide to look around.

Do you need to have a big loan to get that rate?

#14 MintyBiscuit

Posted 07 February 2013 - 10:14 AM

5.44% with St George. We've fixed it til October next year which suits our needs pretty well.

That NAB deal sounds fantastic!

#15 Fossy

Posted 07 February 2013 - 10:18 AM

Our loans are quite high, yes. Not sure if that impacts. We went through a broker and the NAB deal was by far the best he showed us, by a long way, most others were around 5.4/5.5. Westpac were willing to match the rate though so it's definitely wormy speaking to a broker and seeing what's out there.  We hadn't looked at ours in 5 years, he said you should really look at it every 2/3 years.

#16 laridae

Posted 07 February 2013 - 10:33 AM

QUOTE (Sammij841 @ 07/02/2013, 10:57 AM) <{POST_SNAPBACK}>
5.49% with Homeside is one of the best around nowadays on the variable rate.


That's much lower than their advertised rate.  I'm with them also - 5.91 on the Homeplus Variable and 5.77 on the Offset Variable.

Their advertised variable rate is 6.41.

#17 71Toffeeapple

Posted 07 February 2013 - 10:37 AM

5.59% with Suncorp

I have been really happy with them, they have been very helpful.

#18 mards

Posted 07 February 2013 - 10:43 AM

Do you just ring the bank up and tell them that you can get a better deal elsewhere???? - our rate is 5.65 - and U bank seems much better??

#19 Ally'smum

Posted 07 February 2013 - 11:14 AM

QUOTE (mards @ 07/02/2013, 10:43 AM) <{POST_SNAPBACK}>
Do you just ring the bank up and tell them that you can get a better deal elsewhere???? - our rate is 5.65 - and U bank seems much better??


I do this every year on the anniversary of the loan, they may not match the lowest rate but they make it worth staying for another year.

Have the webpage of the bank that you are talking about open, they go online and check it.

#20 toc76

Posted 07 February 2013 - 11:23 AM

5.45 with mecu.  I shopped around and went back to them and said I can get ..... With this bank.  Happily matched it.  They have been great to deal with.


#21 HGL

Posted 07 February 2013 - 11:27 AM

5.54% with Bankwest.
No annual fee. There was a $700 establishment fee but we got that waived.
We were considering ANZ but when I did the sums, the $395 does make a substantial difference over the life of the loan. Also, we only have a small mortgage and ANZ offer very little discount on small loan amounts, regardless of high equity.

#22 Espoir

Posted 07 February 2013 - 11:49 AM

QUOTE
5.14 with NAB, we just refinanced last month. No fees, offset account, 100% variable, home and investment loans. We were with westpac, rate of 5.64, small fees. They said they'd match when we said we were moving but too little too late!


Fossy, is that the 'comparison' rate?

Edited by Espoir, 07 February 2013 - 11:50 AM.


#23 ~Nic~

Posted 07 February 2013 - 11:57 AM

We have two loans with CBA - One is 5.74 (special offer for the first three years) and the other is 5.94 as it's just come off the special rate. I want to swap to a different provider, but I am fairly sure we are locked in for something like 5 years (we got the loan a few months before the lock in fees were abolished which apparently means we are stuck with this rate for another couple of years). Going to see a financial planner in a couple of months though, so will chat to him and see if we can get out of it and go elsewhere.


#24 bebe99

Posted 07 February 2013 - 01:24 PM

Wow this thread has been so helpful to me! Just rang ubank, who are offering no fees at 5.12%. Applying online with them now, can't wait.


Edited by bebe99, 13 July 2013 - 02:32 PM.


#25 Wandering

Posted 07 February 2013 - 01:58 PM

Yep - I was happy with my 5.49% until I read this!

Very interested to know if those with lower rates include an offset (not redraw) and have interest only periods of 10 years or greater?




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