Adelaide Bank has reduced its One Year SmartFix fixed interest rate by 18 basis points to 4.69% (comparison rate 5.20%).

Your Mortgage’s home loan calculator shows the reduction will save first home owners about $41 a month for a loan of $400,000, on a loan term of 25 years, compared to the previous rate.

The new rate is effective from Friday, 11 October.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now