National Australia Bank, NAB, have reduced their 3, 4 and 5 year fixed rates under their Homeplus Package. See the new fixed rates below Homeplus Package Interest Rate Comparison Rate Change to Interest Rate 1 Year Standard Fixed Rate 4.79% p.a 5.51% p.a – 2 Year Standard Fixed Rate 4.84% p.a 5.47% p.a – 3 Read More
No sooner I wrote that Commonwealth Bank reduced their 5 year fixed rate loans to 4.99%, NAB and Westpac also reduced their rate down to 4.99%. All these loans are available under their packaged loans where there is an annual fee to be paid, up to $395 depending on the lender. ANZ and other lenders Read More
Today the Commonwealth Bank announced a 0.70% reduction of their 5 year fixed rate home and investment loan from 5.69% to 4.99% (comparison rate 5.62% p.a) under their MAV or Wealth Package. The interest rate will be available as of 23rd July 2014. This rate is subject to change so check the date of this Read More
The Reserve Bank of Australia announced yesterday at 20pm that they will leave the official cash rate unchanged. We expect that the major lenders (ANZ, NAB, Commonwealth Bank, Westpac) will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate. Fixed rates Read More