Mortgage rates hit record low

Via Banking Day:

Greater Bank has set a new benchmark in the mortgage market, cutting its one-year fixed rate by 20 basis points to 1.69 per cent. Comparison site Canstar says this is the lowest mortgage rate in the market.

Other low-rate lenders in the Canstar database include UBank, which is offering 1.75 per cent on a three-year fixed principal and interest loan.

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