People have been keen to search for home loan calculators on the internet, a study has revealed.
Australians are looking to move on from fixed rate home loans to more variable rate mortgages, if recent figures are anything to go by.
According to a study by mortgage broker Loan Market, people appear to be heading towards the wider availability of variable rate deals, the Australian Associated Press reports.
There has also been an increase in the number of people searching for mortgage and home loan calculators on the internet.
Chief operating officer Dean Ruston suggested these rising figures are because customers are keen to be informed about the market before they agree a deal.
But this comes after the so-called big four banks upped the variable rate mortgages by around 40 basis points last November, more than the Reserve Bank of Australia's 25 per cent interest rate increase in the same month.
And this announcement also prompted the Commonwealth Bank to up its savings account levels shortly afterwards.
By Nate Sawyer
