Fixed Mortgage Rate (3-Year): methodology

What this metric measures

The 3-year fixed interest rate on new owner-occupier housing loans from banks, from the RBA's indicator lending rates.

Why it matters: Fixed rates are what borrowers pay to lock in certainty; their gap to variable rates shows how the market expects rates to move.

Source & provenance

Publisher

RBA Table F5 - Banks; 3-year fixed housing loan, owner-occupier

Update frequency

monthly

Licence

CC BY 4.0

How the score is computed

The score is a 0–100 normalisation of the latest observation, compared to a baseline window. The traffic-light rating (RAG) reflects both the absolute level and the recent trend.

Direction

Lower is better

Trend window

24 months

Baseline

Last 10 years

{
  "red_min_pct_of_baseline": 110,
  "amber_max_pct_of_baseline": 110,
  "green_max_pct_of_baseline": 95
}