Buying guide

What are home loan interest rates and how do they work?

A quick and easy guide.

Al Hall
Last updated: 25 June 2023 | 3 min read

What you’ll learn:

What are home loan interest rates, and why do banks charge them?

You need to be aware of home loan interest rates when budgetting for your home.

How are mortgage interest rates calculated?

You'll need to decide if you'd prefer a fixed or floating interest rate.

Fixed and floating interest rates explained

Floating interest rates

Fixed interest rates

Author

Al Hall Al Hall