interest rate of 4.48

i have received a loan confirmation for a house from a bank. It is an interest only loan...with the usual review in five years time etc...the rate i will pay is 4.48....would this be competetive with other lending institutions

Is this for an owner occupied or an investment property? Is it fixed or variable? Is it nominal or APR? A variable rate of 4.48% would be very expensive compared to other rates on offer at the moment. See the Best Buys forum.