Home Compare Home Loans Fixed-rate Home Loans Rates updated 26 August 2026 - Looking to keep repayments consistent by fixing your interest rate? Compare fixed rates, repayments and features from top Australian lenders to lock in a great rate and save. One of our lowest fixed-rate home loans: 5.85% p.a (comparison rate* 5.98% p.a ) from Community First Bank — Go Basic Home Loan 3 Year Fixed Special . Do you like & trust our expert, human-written content? Simply click this button to tell Google you want to see more of us in your Google Search Results, AI Overviews and AI Mode answers. Principal & Interest 10% Min Deposit Extra Repayments Available for purchase or refinance, min 10% deposit needed to qualify. No application, ongoing monthly or annual fees. Flexibility to split your loan with both fixed and variable rates Principal & Interest 40% Min Deposit Competitive rates to help you save A Dedicated Relationship Manager Certainty of repayments with a fixed rate term Principal & Interest Extra Repayments Principal & Interest Principal & Interest Extra Repayments Principal & Interest Principal & Interest Principal & Interest 20% Min Deposit Extra Repayments Principal & Interest Principal & Interest 10% Min Deposit Extra Repayments Principal & Interest Extra Repayments Principal & Interest 20% Min Deposit Extra Repayments Principal & Interest 10% Min Deposit Extra Repayments Principal & Interest Principal & Interest Extra Repayments Available for purchase or refinance, min 10% deposit needed to qualify. No application, ongoing monthly or annual fees. Dedicated loan specialist throughout the loan application. Monthly repayments: $ 2,978 August Fixed Home Loan Rates & Deals Looking to lock in your mortgage repayments at a fixed rate? Here are some of the top fixed rate home loan products available on the Savings.com.au product database this month: 1 year fixed-rate home loans 2 year fixed-rate home loans 3 year fixed-rate home loans 4 year fixed-rate home loans 5 year fixed-rate home loans For more information on how we’ve selected these products, the products we compare, how we make money, and other important information about our service, please click here . Rates correct as of 26 August 2026. View disclaimer What is a fixed home loan? 'Fixing' your home loan means locking in the interest rate, and therefore mortgage repayments, for a set period of time. This is distinct from variable-rate home loans , where the interest rate can change at any time (normally in line with movements to the RBA cash rate ). Fixed terms in Australia are generally between one and five years, although some lenders offer longer terms - ANZ notably offer seven and ten year terms at the time of writing. How to compare fixed rate home loans The fixed rate, fees and break costs, extra features and the term length are some of the most important considerations when comparing fixed loans. Fixed home loan rates The interest rate you will pay is probably your biggest priority when choosing any loan. You should pay attention to the comparison rate as well as the interest rate, as this takes into account extra costs and fees. For fixed rates in particular, you should try to find out what the revert rate will be. This is the rate your loan will go back to once the fixed term expires. Fees and break costs It's important to take the extra fees and charges on fixed-rate loans into consideration. Of particular note is the break costs, which you'll need to pay if you exit the loan during the fixed-term. Break costs can be tens of thousands of dollars, so you'll want to avoid having to pay these. Although features like offset accounts are usually reserved for variable-rate loans, there may still be extra perks and benefits on fixed products. For example, some lenders offer a 'rate lock' on fixed products, which means your rate will not change between when you are approved for a loan and when the funds are actually transferred, even if the rate on new fixed-rate loans changes in that time. Also, some lenders do allow extra repayments up to a certain limit on fixed rate loans. You might even find one or two lenders that offer offset accounts on fixed-rate loans! Fixed rate terms Fixed rates in Australia are generally between one and five years, with terms longer than this generally pretty rare. This is very different to other countries like the USA, where 30 year fixed-rate mortgages are common. The US has a much more developed securitisation market than Australia, with government-sponsored entities that buy fixed-rate mortgages and package them together to resell as mortgage backed securities. This means lenders can transfer the risk that comes from longer-term rates to institutions like 'Fannie Mae' and 'Freddie Mac'. When comparing fixed rates, it's important to consider the length of the fixed term. Longer-term fixed rates are usually higher than those on shorter terms, given lenders price in the extra uncertainty of looking further into the future. The gap between shorter and longer term rates can vary depending on the economic outlook. For example, in September 2024 according to the RBA the average fixed rate on terms three years or below was 5.9% p.a., only 50 bps below longer terms (6.4% p.a.). At the time, the cash rate was high but a cutting cycle was broadly expected, with economists expecting the terminal cash rate would be at or even below 3%. By November 2025 however, after three cash rate cuts, the outlook shifted, and monetary policy isn't expected to be loosened any further in the forseeable future. Therefore, short term fixed rates dropped to an average of 5.1% p.a., but longer term rates only dropped slightly to 6.2% p.a., the gap more than doubling.

What is a good fixed rate in 2026? Australians have traditionally opted for variable rates over fixed, perhaps due to the limited options to fix for longer than five years. However, the past few years suggests Aussies gravitate towards fixed rates when it looks like variable rates will start to increase, or can't go much lower (as we saw amid the pandemic). According to the ABS, the percentage of new home loans with fixed rates rose above 46% in September 2021, when the RBA cash rate remained at the all time low of 0.10%. Once the cash rate began to rise, the share of new home loans at fixed-rates started to plummet, dropping below 5% and staying there since September 2023. Now in 2026, with interest rates looking like they may go up again soon, some Australians may be gravitating towards fixed rates once again. Why fix your home loan rate? The major advantage of fixing your home loan is guaranteeing what your repayments will be . Knowing that your repayments won't change over the fixed term can make it easier to budget further into the future. It also means you'll be temporarily protected from any interest rate rises. Why shouldn't you fix your home loan? You shouldn't fix your home loan if you want the flexibility to make unlimited extra repayments, access a redraw facility, or avoid the potentially high "break costs" associated with refinancing or selling your property early. While fixing provides certainty, the primary downside is that you remain locked into your rate even if the RBA lowers the cash rate, causing you to miss out on the savings that variable-rate holders enjoy. Meanwhile, variable-rate home loans are typically more flexible than fixed-rate mortgages given they're more likely to allow extra repayments and access to features such as offset accounts and redraw facilities . It's also often cheaper/easier to refinance a variable-rate home loan than a fixed-rate home loan, since fixed-rates tend to come with break costs for exiting the fixed-term contract early. So if you think you might sell your home or refinance the house in the near future, perhaps a fixed-rate isn't for you. Fixed vs variable rates The advertised rates on both fixed- and variable-rate home loans tend to fluctuate based on what the RBA cash rate is or is expected to be in the future. Fixed rates generally price-in expected future moves in the cash rate. For instance, if the RBA is expected to lower the cash rate in the near future, fixed rates may be lower than variable rates to attract customers. On the other hand, if the RBA is expected to lift rates soon, fixed rates are likely to be higher than variable rates. Ubank chief home lending officer Top 5 myths & benefits of fixing your home loan " 1. “Fixing means I’ll be stuck if rates fall.” Myth: Many borrowers overestimate how quickly rates fall after a cycle of hikes. Benefit: Fixing can protect your budget during the highest‑stress period - and you can reassess when your term ends. 2. “Fixed loans are always more expensive.” Myth: Rates move with market expectations, not emotions. Benefit: In periods of sticky inflation (like now), fixed rates can actually become competitive and offer stability. 3. “Only older borrowers fix - it’s not for younger buyers.” Myth: Younger borrowers - especially Gen Z - increasingly prioritise certainty because groceries and utilities keep rising alongside home loan repayments. Benefit: A fixed rate gives structure to tight budgets and helps with long‑term planning. 4. “You lose all flexibility.” Myth: Split loans (a combination of fixed and variable) allows you to enjoy the benefits of both. Benefit: Borrowers can choose split loans to get the best of both worlds: predictability and freedom. 5. “Fixing is about timing the market.” Myth: You’re not trying to guess the perfect peak - you’re protecting yourself from stress, shocks, and budget blowouts. Benefit: The real value of a fixed rate is peace of mind, not perfect forecasting." Get a better home loan deal Compare thousands of home loans rates and features from 100+ leading Australian lenders. Frequently Asked Questions Can I have both fixed and variable rates? Most lenders will offer the ability to have both fixed and variable rates with a 'split' loan . This means splitting your home loan balance into two different accounts, at different portions - one being charged a fixed interest rate and the other variable. How long can you fix a home loan for? Generally, major lenders will offer the option to fix your home loan for up to five years . Further, some lenders offer ten-year fixed home loans on the Australian market - Savings.com.au’s market research identified two at the time of writing - Newcastle Permanent and ANZ. Explore more home loan types Editorial Promise Savings.com.au follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts who ensure everything we publish is objective, accurate and trustworthy. Senior Finance Journalist Denise Raward is a senior journalist with an interest in macroeconomics, property, and personal finances. She has worked extensively across mainstream media organisations and lectured at Queensland University of Technology, Griffith University, and Bond University. She holds a Bachelor of Business - Communication, a Master of Arts, and RG 146 financial certification in Generic Knowledge, Securities, and Regulation. Joining Savings.com.au in January 2024, Denise strives to deliver financial information in everyday language to help Australians to better understand how to manage their own – and their families' – ongoing financial health. Dominic Beattie is the Editor of Savings.com.au, Group Editor for the wider InfoChoice Group, and host of The Savings Tip Jar podcast alongside Brooke Cooper. Dominic has more than a decade's experience in the finance media sector, joining Savings.com.au in 2018 to spearhead its launch as a financial comparison service and dedicated source of consumer finance news and guides. Important information Savings.com.au provides general information and comparison services to help you make informed financial decisions. We do not cover every product or provider in the market. Our service is free to you because we receive compensation from product providers for sponsored placements, advertisements, and referrals. Importantly, these commercial relationships do not influence our editorial integrity. For more detailed information, please refer to our How We Get Paid , Managing Conflicts of Interest , and Editorial Guidelines pages. Editorial Integrity At Savings.com.au, we are passionate about helping Australians make informed financial decisions. Our dedicated editorial team works tirelessly to provide you with accurate, relevant, and unbiased information. We pride ourselves on maintaining a strict separation between our editorial and commercial teams, ensuring that the content you read is based purely on merit and not influenced by commercial interests. Learn more about our commitment to editorial integrity in our Editorial Guidelines . Advertiser Disclosure Our service is free for you, thanks to support from our partners through sponsored placements, ads, and referrals. We earn compensation by promoting products, referring you, or when you click on a product link. You might also see ads in emails, sponsored content, or directly on our site. For more details, see How We Get Paid . Product Coverage and Sort Order We strive to cover a broad range of products, providers, and services; however, we do not cover the entire market. Products in our comparison tables are sorted based on various factors, including product features, interest rates, fees, popularity, and commercial arrangements. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. Additionally, certain products may present forms designed to refer you to associated companies (e.g. our mortgage broker partner) who may be able to assist you with products from the brand you selected. We may receive a fee for this referral. You can customise your search using our sorting and filtering tools to prioritise what matters most to you, although we do not compare all features and some results associated with commercial arrangements may still appear. For more details, visit How We Get Paid and Managing Conflicts of Interest . Comparison Rate Warning and Base Criteria For home loans, the base criteria include a $500,000 loan amount over 30 years. For car loans, the base criteria include a $30,000 loan over 5 years. For personal loans, the base criteria include a $20,000 loan over 5 years. These rates are only examples and may not include all fees and charges. *For home loans, the comparison rate is based on a $150,000 loan over 25 years. *For car and personal loans, the comparison rate is based on a $30,000 loan over 5 years. Warning: these comparison rates are true only for the examples shown and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Monthly Repayment Figures Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Savings.com.au is proudly part of the InfoChoice Group, which includes InfoChoice.com.au, YourMortgage.com.au, and YourInvestmentPropertyMag.com.au. The InfoChoice Group is associated with the Firstmac Group. We may include products and services from loans.com.au, CarLoans.com.au, and OnlineAuto.com.au, all associated with the Firstmac Group. Importantly, these brands are treated like any other commercial partner. Learn more about how we manage conflicts of interest . General Advice Disclosure The information provided by Savings.com.au is general in nature and does not take into account your personal objectives, financial situation, or needs. We recommend seeking independent financial advice before making any financial decisions. Before acquiring any financial product, obtain and read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and any other offer documents. Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au’s Financial Services and Credit Guide (FSCG) . Get rate alerts Stay up to date with the latest rate movements across home loans, term deposits, savings accounts and more. By subscribing you agree to our privacy policy . Join thousands of Aussies getting smarter with personal finance news, guides, expert insights and more in our regular roundup email. 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