ME Bank and Bendigo Bank have both dropped their fixed rates.

ME Bank’s one-year fixed home loan is down from 4.89% to 4.69%, while its five-year fixed rate is now at 4.59% from 5.06%. The bank’s three-year fixed rate is the lowest at 4.28% from 5.10%.

Meanwhile, Bendigo Bank is also passing on lowered rates for its customers, with a one-year fixed rate at 4.69% from 4.79%.

Other Bendigo fixed rates are as follows:
 
Product With $8 Monthly Fee Rate Comparison Rate
2-year fixed rate 4.64% 5.21%
3-year 4.59% 5.15%
4-year 4.79% 5.18%
5-year 4.89% 5.17%

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan