ING Direct have reduced their Orange Advantage home loan product at a variable rate of 3.99% (comparison rate 4.19% p.a.) which will be available until 31st October 2015. This offer is only available for; – New residential lending with new to ING DIRECT security property (standard minimum loan amount applies) – Borrow up to 80% of the Read More
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 Read More
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 Read More
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. Read More
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 Read More
The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged. It looks like that rates will remain stable for some time yet according to many economists. We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes Read More
