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.
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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.
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Online lender, Reduce Home Loans has today announced it will be cutting both fixed and variable rates across its suite of home loan products.
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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.
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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.
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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.
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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!
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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.
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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.
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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.
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