A change in direction for homeowners and their mortgages. 

90% of home loans were floating or fixed for less than a year in January. 

CoreLogic says there's anecdotal evidence borrowers have begun to fix for longer as interest rates come down. 

Squirrel Mortgage Broker, David Cunningham told Ryan Bridge things have changed dramatically since Christmas, with favourable rates for longer fixed-term periods. 

He says Westpac kicked it off with a 4.99 term for three years, ANZ doing the same at two-years, with all competitors now offering near there. 

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