SYDNEY, Aug 6 (Reuters) - Home loans in Australia slid for the fifth straight month in June as rising borrowing costs and tougher lending conditions scared away house buyers, reinforcing the case for an early cut in official interest rates. The number of mortgages for home-occupiers fell 3.7 percent in June, compared to May when they slid 6.9 percent. That left mortgage commitments at their ... Moreover, asking your lender whether a rate if fixed or adjustable is important when you're on the look out for the best mortgage rate. Remember that adjustable rates, despite their low interest rates, might not have the best mortgage rates. Adjustable rate mortgages only have low interest rates in their first year, after which, rates either tend to go up or go down.
