Interest Rates Drop by 0.25% – Commonwealth Bank, ANZ, NAB,Westpac, ING

May 5, 2015 ANZ, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, NAB, St George, Suncorp, variable interest rate by Administrator

The Reserve Bank of Australia (RBA) announced that it will move the official cash rate from 2.25% to a new record low of 2%. In a close call among economists, the RBA drop rates to stimulate the Australian economy and to put downward pressure on the Australian dollar. It is expected that Australia’s home loan
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Interest Rates Down 0.25% – ANZ Commonwealth, NAB, ING, Westpac

February 3, 2015 ANZ, Bank of Queensland, BankWest, Home Loans, ING Direct, Interest Rates, NAB, St George, Suncorp, Westpac by Administrator

BREAKING NEWS: ANZ for the last 2 years have broken their Friday interest rate review protocol and announced that they will reduce their variable interest rates by 0.25% effective February 12th NAB also reduced rates today by 0.25% Westpac slashes beyond rate cut by 0.28% effective 20th February 2015. RAMS, St George and Bank of Melbourne may do the same. UPDATE: Commonwealth Bank first major to reduce their standard variable rate by 0.25%, effective 20th February 2015 The RBA announced this afternoon they have reduced the official cash rate by 0.25%. It has been 18 months since interest rate have moved and they are the lowest in 60 years. We expect that lenders will announce their response over the coming days and we will keep you updated below. If you have any questions feel free to contact us. Below shows how much each lender passes on their home loan rates. Interest rates will be updated on our main website once each lender passes on the reduction.
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Interest Rates Down Today by 0.25% – ANZ, Westpac, NAB, CBA, ING, Suncorp

August 6, 2013 ANZ, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, NAB, RAMS, St George, Suncorp, variable interest rate, Westpac by Administrator

UPDATE: NAB, Commonwealth Bank, BOQ and ING Direct drop home loan rates by 0.25%, Westpac by 0.28% The Reserve Bank of Australia announced a 0.25% official cut to interest rates, down to 2.50%. The lowest in Australia’s history. Although this is welcome news for variable interest rate home loan and other mortgage holders; however, it
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Variable Interest Rates Down By 0.25% – ANZ CBA NAB Westpac ING Suncorp Banks

May 7, 2013 ANZ, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, NAB, Refinance, Suncorp, variable interest rate, Westpac by Administrator

UPDATE 2 – 7/5/13 @ 5:20 pm: Commonwealth Bank and Westpac will also reduce their variable mortgage rates by 0.25%. We will have to wait until Friday for ANZs decision. I expect St George Bank, Bank of Melbourne, Bank SA and RAMS all to follow their owner Westpac. Check below for more changes. UPDATE 7/5/13
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Interest Rates Drop By 0.25% – ANZ, NAB, Westpac, CBA, ING, St George

December 5, 2012 ANZ, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, NAB, RAMS, St George, subscribers, Suncorp, variable interest rate, Westpac by Administrator

*********** UPDATE: Recent Bank Rate Decisions ****************** ANZ hae reduced their mortgage rates by 0.20% today on the 14th December Westpac and St George will drop their variable interest rate by 0.20% effective December 17th Commonwealth Bank (CBA) and NAB announced that they will drop their varibale rates by 0.20% effective December 10th ING Direct
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Melbourne Cup Day Interest Rates On Hold

November 6, 2012 ANZ, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, Interest Rates, NAB, RAMS, St George, Suncorp, variable interest rate, Westpac by Administrator

Today the Reserve Bank of Australia announce that they will leave interest rates on hold. I won’t go into the reasons why they decided to leave rates on hold because you can read it on their website. This does not mean to say that some lenders may not change their interest rates. I will keep
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Category: Bank of Queensland