The best mortgage rates more likely to be variable

Despite rising interest rates, fixed rate mortgages are likely to cost you more in the long term than variable rates.

Macquarie Pushes Up Rates On Low-doc Loans

THE home loans arm of Macquarie Group has raised interest rates on some mortgages by almost three times as much as the latest official rise by the Reserve Bank, the biggest hit yet to home buyers as a result of the credit market meltdown.