Brokers say borrower confidence likely to lift after the first below 5% deal surfaces since June with more offers likely soon
A fixed-rate mortgage priced at below 5% has gone on sale for the first time since June as leading lenders announced a fresh wave of home loan reductions.
Brokers said a mortgage rate war “is well and truly under way” and that the lower pricing should provide a boost to borrowers worried about the imminent end of their current deal, as well as would-be homebuyers who have been sitting on the sidelines.
