Illawarra Home Loans has sliced its first home Fixed interest rate by 10 basis points to 4.59% (5.12% comparison rate).

Your Mortgage’s home loan calculator shows the reduction will save first home owners about $16 a month for a loan of $300,000, on a loan term of 20 years, compared to the previous rate.

The rate applies for a home loan between $100,000 - $750,000.

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