{"id":39302,"date":"2025-09-02T19:44:12","date_gmt":"2025-09-02T19:44:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/39302\/"},"modified":"2025-09-02T19:44:12","modified_gmt":"2025-09-02T19:44:12","slug":"suncorp-bank-beats-majors-with-sharp-two-year-fix","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/39302\/","title":{"rendered":"Suncorp Bank beats majors with sharp two-year fix"},"content":{"rendered":"<p dir=\"ltr\">\u201cWhile there are some great fixed rates at the moment\u2026 I do think it\u2019s too early to fix,\u201d Melissa Gielnik, mortgage broker and founder at Smart Lending, <a href=\"https:\/\/www.mpamag.com\/au\/news\/general\/rba-rate-cut-how-much-will-mortgage-repayments-drop\/545844\" target=\"_blank\" rel=\"nofollow noopener\">recently told MPA<\/a>. \u201cI think there are more rate cuts to come, so if people can pay a higher amount off their loan after the next one, that forced savings will help them reduce debt.\u201d<\/p>\n<p dir=\"ltr\">Yet \u201creluctance for borrowers to fix their home loans has been easing recently\u201d, Dan Nicotra (pictured), Suncorp Bank\u2019s head of home lending product, told MPA on Tuesday.<\/p>\n<p dir=\"ltr\">Nicotra explained that sentiment for fixed-rate lending generally comes from two places:\u00a0<\/p>\n<ul dir=\"ltr\">&#13;<\/p>\n<li role=\"presentation\">what borrowers anticipate will happen with the cash rate over the short to medium term<\/li>\n<p>&#13;<\/p>\n<li role=\"presentation\">how competitive fixed interest rates are (including the weighted average rate of a fixed\/variable split solution)<\/li>\n<p>&#13;\n<\/ul>\n<p dir=\"ltr\">\u201cRecently we have seen stable conditions across inflation and the labour market, however, variable rates are largely in the mid 5%\u2019s, so a competitive fixed rate can be around 75bps lower than the alternative variable rate, which will be central in cost to customer conversations between customers and their broker or lender,\u201d said Nicotra.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cWhile there are some great fixed rates at the moment\u2026 I do think it\u2019s too early to fix,\u201d&hellip;\n","protected":false},"author":2,"featured_media":39303,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,179,18,19,21934,17,6103,29166],"class_list":{"0":"post-39302","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-eire","11":"tag-ie","12":"tag-interest-rate","13":"tag-ireland","14":"tag-rates","15":"tag-rba-cash-rate"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/39302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=39302"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/39302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/39303"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=39302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=39302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=39302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}