People also ask
What is the fixed rate now?
Product | Interest Rate | APR |
30-Year Fixed Rate | 7.17% | 7.22% |
20-Year Fixed Rate | 7.03% | 7.09% |
15-Year Fixed Rate | 6.67% | 6.75% |
10-Year Fixed Rate | 6.73% | 6.82% |
What's the current fixed mortgage rate?
Deal type and length | Current average rate across all lenders | Current average rate across big six lenders |
2 year fixed-rate (75% LTV) | 5.69% | 5.18% |
5 year fixed-rate (75% LTV) | 5.24% | 4.74% |
2 year variable rate (75% LTV) | 5.84% | 5.75% |
Standard variable rate (SVR) | 8.65% | 7.5% |
What is the fixed rate?
Fixed rate: the interest you're charged stays the same for a number of years, typically between 2 and 10 years. Variable rate: the interest rate you pay can change.
What is the fixed interest rate?
A fixed interest rate is an unchanging rate charged on a liability, such as a loan or a mortgage.
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