Westpac, ING Direct, ME Bank Interest Rate Announcements

May 6, 2015 Commonwealth Bank, Home Loans, ING Direct, Interest Rates, Investment Loans, NAB, variable interest rate by Administrator

After the Reserve Bank of Australia decided to reduce variable interest rates by 0.25% on Tuesday these lenders are also reducing their home loan and investment loan variable interest rates. Westpac like the NAB and the Commonwealth Bank decided not to pass on the full interest rate cut and reduced their variable home loan and
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Commonwealth Bank Reduces Variable Interest Rates by 0.20%

May 5, 2015 Commonwealth Bank, Home Loans, Interest Rates by Administrator

The first major bank came out with their decision on interest rates, the Commonwealth Bank of Australia (CBA), have reduced their variable home loan and investment loan interest rates by 0.20%. This is less than the 0.25% recommended by the Reserve Bank of Australia. The 0.20% interest rate reduction will take affect on the 13th May
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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 Steady – ANZ, NAB, CBA Westpac, ING, St George

October 7, 2014 ANZ, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, NAB, St George, variable interest rate, Westpac by Administrator

The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged. The variable interest rate has remained unchanged since August 2013 at 2.50% Economists are predicting rates will rise next year as early as March with subsequent rises there after. I never pay too much attention to economists as they very
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Interest Rates On Hold For August ANZ CBA NAB Westpac

August 5, 2014 ANZ, Commonwealth Bank, Fixed Rates, Home Loans, Interest Rates, NAB, variable interest rate, Westpac by Administrator

The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged. We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate. Even though variable interest rates are on hold for this month
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5 Year Fixed Rate War – ANZ NAB CBA and Westpac

July 23, 2014 ANZ, Commonwealth Bank, Fixed Rates, Interest Rates, NAB, Westpac by Administrator

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
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Category: Commonwealth Bank