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Will low fixed rates push borrowers back to the big four?

Press coverage 10 November 2020 Summary of published coverage
Will low fixed rates push borrowers back to the big four?

Following the Reserve Bank cash rate cut, most lenders trimmed fixed rather than variable pricing, leaving three of the big four advertising fixed loans below 2 per cent. NAB expected fixed lending to take a much larger share of its book, while PIPA chairman Peter Koulizos doubted Australians would abandon their long standing preference for variable loans. Analysts said banks were driving the shift to gain certainty over future cash flows.

Reported by

Alex Brewster, savings.com.au, 10 November 2020

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PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

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