Variable mortgage rates unchanged in August as long-term fixed rates rise

On average, banks offered a variable mortgage rate of 2.73 percent in August, unchanged from July, according to a review by comparison site Zmarta.

Three-year fixed rates were also unchanged at 3.32 percent, while the five-year rate rose by 0.11 percentage points to 3.56 percent.

The difference between banks is greater among fixed-rate loans than for variable-rate mortgages, according to Zmarta.