Borrowers should understand the limitations of fixed rates before taking the plunge, experts say
Will this trigger other banks to follow suit?
The catch: borrowers need to have a home-loan deposit of at least 30%
A big bank slashes its variable rate while a non-major hikes its fixed rates
Some home loans have fixed rates near the lower end of 2%
It joins the other major banks in providing interest-only switches and extensions
Buyers have the opportunity to take advantage of the low-rate environment
It now offers one of the lowest rates in the market