In a world where it’s hard enough to remember your partner or best mate’s mobile number, should Australians be expected to know that their home loan interest rate is?
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Online lender and Mozo Experts Choice Online Home Lender of the Year^, Tic:Toc, has continued to ride the rate cut wave today, as it dropped home loan rates again for new customers.
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It’s been over a month since the RBA reduced the official cash rate to 1.00%, but the rate cuts keep coming.
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In a rates dream for Aussie borrowers, the home loan party is showing no signs of stopping as lenders launch new sizzling hot deals to take advantage of the rate cut momentum created by the Reserve Bank and tempt more borrowers to switch and save.
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ME Bank has made a number of changes to its range of fixed rate home loans, most notably slashing 3-year fixed rates by a massive 0.40%.
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UBank home loan customers have been sitting patiently since the bank announced variable rate changes back in early July, but the wait is finally over!
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With the dust well and truly settled in the wake of back-to-back RBA cuts, it’s now clear that Australians with owner-occupier home loans aren’t the only beneficiaries.
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With the market ‘bottomed out’ and interest rates at a record-low, first home buyers have gotten the green light to take out a home loan and snatch up their dream property.
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Home borrowers are walking away from the big 4 banks in favour of challenger and customer owned banks, according to the latest statistics from the banking regulator.
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