Ever asked for recommendations from friends and family before committing to a choice? So have we! And while that might work for things like which pizza place is better or whether you can really pull off that hat, when it comes to decisions about your finances, asking your mates might not cut it.
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Last Tuesday, the RBA reduced official interest rates, setting off a wave of cuts across the variable home loan market.
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It’s been a week since the RBA decided to cut official interest rates, but we’ve already seen more than 20 lenders pass on the full 0.25% cut to their variable home loan customers.
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The RBA cut official interest rates on Tuesday, prompting several banks to take the axe to their range of variable home loan interest rates.
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After the RBA’s decision to cut their cash rate by 25 basis points yesterday, big bank ANZ responded by dropping its home loan rate by just 0.18%, leaving both customers and the RBA disappointed.
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After months of speculation, the RBA has finally decided to cut the cash rate, placing it at a record low 1.25%. Of course, the question on everyone’s mind now is, “will this make my mortgage cheaper?”
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In an event that needs to be seen to be believed, Greater Bank have today cut their fixed home loan rates across 1 - 5 year terms for owner occupiers and 1 - 3 year terms for investors to what might be an unprecedented low for the lender.
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If you haven’t heard the latest news, Greater Bank have made the move to cut fixed rates this morning, with their one year fixed rate hitting a jaw dropping 2.99% (4.42% comparison rate*) - making it the lowest one year fixed rate on the market, according to CEO, Scott Morgan.
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Bank of Queensland and Virgin Money have announced new rock bottom home loan rates on home loans for both owner-occupiers and investors, effective from today.
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Popular bank and home loan provider ING are set to cut home loan rates for new borrowers by 17 basis points tomorrow, on both their Orange Advantage and Mortgage Simplifier owner occupier, principal and interest home loans.
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