Interest rates attract plenty of attention from home buyers, sellers, lenders and anyone else watching the home loan market. That’s because they play a key part in determining the cost of your home loan and repayments.
Interest rates are the fees charged for borrowing money from a lender. It's expressed as a percentage of the amount borrowed. You can use Aussie’s Mortgage Repayments Calculator to get a better idea of the cost of interest. Or, you can read on to find out how interest rates are determined and how to compare them.