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 Read More
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 Read More
*********** 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 Read More
Update 12th October 2012: ANZ announces a 0.20% drop in their variable rate 0.05% short of the full rate decrease Rates announces by AMP, Bank West, Bank of Melbourne and Bendigo Bank. Adelaide bank will not pass on the rate cut until the 26th October making their customers pay the higher interest rate for 24 Read More
Today ING Direct announced that they will pass on the full interest rate cut to 0.25% mortgage variable rate. it will be interesting to see how the other banks will move as Bank of Queensland only passed on 0.20%. We will keep you updated and provide a summary data table soon listing most of how Read More
Update 14th May: ANZ reduce rates by 0.37% and AMP by 0.35%. We will also include their increase or 0.06% mid last month resulting in a net decrease of 0.31% Update 4th May: Bank West reduce rates by 0.32%. and Westpac by 0.37%. More below Update 3rd May: ING reduce rates by 0.30%. See other Read More