Good mortgage rate

[prejoh]

Hi guys

Just wanted to get an indication of what is considered a good mortgage rate for a primary residence. The private bank offered me 1.5% below prime as a first time buyer.
Is that good or could I get better?

 

[Dolby]

I think that's very good in this day and age

 

[supersunbird]

Very good.

 

[ToxicBunny]

Incredibly good rate.

Most first time buyers are getting prime if they're lucky.

 

[momo786]

Yep...that's a good rate. Banks are a bit sticky offering less than prime these days.

I got prime less 1.75 from FNB as a first time buyer.

 

[xrapidx]

Which bank?

 

[Cicero11]

What is your home loan value and how much deposit did you have?