
Home loan rates go bok bok berserk
Home loan rates are hitting jaw dropping new lows as Australia's challenger lenders waste no time in passing through the Reserve Bank's second rate cut in as many months.
Home loan rates are hitting jaw dropping new lows as Australia's challenger lenders waste no time in passing through the Reserve Bank's second rate cut in as many months.
Only a few short minutes after the RBA announced it will be reducing official interest rates by 0.25%, online lenders Homestar andAthena Home Loans have jumped on the opportunity to pass on the full cut to their customers.
If you’ve been holding out for the right variable rate home loan, then today is your lucky day. Coming into effect today, UBank has cut variable rates on its UHomeLoan by 0.25%, making it one of the lowest variable rates in the Mozo database.
It looks like the 2.99% fixed rate party just keeps getting bigger and bigger, as Bank of Queensland and Virgin Money have both cut their three year fixed rate to a rock bottom 2.99% (4.19% comparison rate and 3.53% comparison rate respectively*), effective today.
Since the RBA rate cut two weeks ago, lenders have been slashing their fixed home loan rates like it’s going out of fashion.
Just when we thought home loan rates couldn't get any more competitive, popular online lender UBank has slashed its fixed rate UHomeLoan by up to 0.60% and debuted a jaw dropping new sub 3.00% rate.
The end of financial year is fast approaching and savvy shoppers know that now is the perfect time to score yourself some killer bargains. But, did you know that it’s also a great opportunity to take advantage of some fabulous financial offers?
The rate cut frenzy continues, with UBank the latest lender to jump on board the trend, slashing it’s fixed rate UHomeLoan by up to 0.60% today and debuting a jaw dropping new rate.
Reduce Home Loans has launched a new Reduce Home Loans Low Rider that features a rock bottom variable rate of 3.09% (3.12% comparison rate*) - the lowest variable rate in the Mozo database (at the time of writing).
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.