Rate gap widens in spring home loan 'sale'

HOME loan competition is back to pre-global financial crisis levels amid the traditional spring discounting season, comparison site Mozo says.

HOME loan rates have hit new lows this spring discounting season with borrowers able to find big savings outside the big four banks, comparison site Mozo says.

THE lowest variable home loan rate has reached a new low of 3.84 per cent, driven down by intense competition from lenders challenging the big four, Mozo says.