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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It’s true, the property market isn’t in the best shape. But expectations for house prices have shifted, so now may be the time for buyers to take out a home loan and lock down a property purchase.
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If you’ve been keeping up with the latest property news, you’ll know that the property market has seen better days. But with prices expected to ‘bottom out’ in the coming months, many potential buyers across the country could be tossing up about whether now is the right time to make their move.
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This morning, Bank Australia made big changes to its range of fixed and variable home loans, cutting rates for both owner occupiers and investors to stay in line with dropping market interest rates.
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