
Fixed rate cut frenzy! Why most lenders aren’t slashing variable rates
This month, the Reserve Bank of Australia (RBA) made the extraordinary decision to cut it’s official cash rate twice - in response to the outbreak and spread of COVID-19.

This month, the Reserve Bank of Australia (RBA) made the extraordinary decision to cut it’s official cash rate twice - in response to the outbreak and spread of COVID-19.

Whether it’s earning a free coffee, using a coupon code to save at the checkout or scoring a two for one deal on cookies, most Aussies know a good bargain when they see one.

Following the outbreak of the novel coronavirus, and the Reserve Bank of Australia’s (RBA) emergency cash rate cut, now may be the time to think about locking in a fixed home loan rate.

As the fallout from the continued Coronavirus shutdown is felt more and more each day, Macquarie has become the first Australian bank to protect borrowers’ credit scores.

Australia’s customer owned banks have been revealed to be among the biggest winners in the recently announced 2020 Mozo Experts Choice Home Loan Awards which aim to shine a spotlight on some of the best home loans in the country.

It’s possible to do just about anything online these days, from managing your bank accounts to getting a degree, and now as it turns out, you can even buy a home virtually!

In response to worsening economic conditions due to the coronavirus outbreak, Australia’s major banks will be allowing home loan customers to defer their home loan repayments for up to six months.

The Reserve Bank cut the official cash rate twice in March to a new low of 0.25% and Australia’s most competitive lenders are dropping home loan rates to gob-smacking new lows.

Following the Reserve Bank’s inter-meeting decision to cut the official cash rate this Thursday, Australians have been anxiously waiting for word on how their banks and lenders will respond.

Defending a title is never easy, but online home loans provider Tic:Toc has done just that by winning the major 2020 Mozo Experts Choice Award title of Online Home Lender of the Year for a second year running.