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Homeowners expected to pick long term loan rates as interest falls

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九一星空无限talk ZB,
Publish Date
Thu, 20 Mar 2025, 10:23am
Photo / 123rf
Photo / 123rf

Homeowners expected to pick long term loan rates as interest falls

Author
九一星空无限talk ZB,
Publish Date
Thu, 20 Mar 2025, 10:23am

There's anticipation more homeowners will change their borrowing behaviour this years.

90% of home loans were floating or fixed for less than a year in January. 

But CoreLogic forecasts borrowers will fix for longer as interest rates come down. 

Chief Property Economist, Kelvin Davidson told Francesca Rudkin it's anecdotal at this point, but believes February data will prove it's happening. 

He says there was intense competition between banks last month, for two and three-year fixed term rates. 

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