Mortgage Choice has revealed a third of borrowers are still clueless about their interest rates.
Its annual survey of 900 first homeowners found 32% are unaware of the rate they pay.
It also found the level of concern over rates had dropped significantly from 2011, from 47% to just 13% in 2012.
“These statistics serve as a timely reminder that borrowers should take stock of their financial situation, especially for what is often their biggest financial commitment, their home loan,” said Mortgage Choice spokesperson Belinda Williamson.
In July, an Aussie
Home Loans-backed survey also found a third of respondents were clueless over rates.
At the time, CEO John Symond
said the results were deeply concerning.
“This statistic is really worrying… people need to be constantly questioning their rate. It could be just by speaking to their broker about a simple mortgage health check to see how much they could save," he said.