Three days after the 2016 election The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.75% . There is a very strong chance that variable interest rates are likely to fall next month but we will have to wait and see. We expect that most lenders will leave Read More
Suncorp Bank from Wednesday 13 January they are offering the following for New Home Package Plus offers; – discounts of 1.55% p.a. on Standard Variable loans over the life of the loan, available for owner occupied and investment lending – 0.35% p.a. discount on 3 Year Fixed Rate loans, also available for owner occupied Read More
UPDATE: ING DIRECT will increase variable interest rates on all residential loan products by 0.18% p.a. effective from 15 January 2016. At yesterdays’s board meeting the Reserve Bank decided to leave the cash rate unchanged at the current low of 2.00%. However, over the last few weeks the major banks and other lenders have been busy 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
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
