Banks set to wage home loan price war
Consumers will soon find themselves in the middle of a home loan price war, National Australia Bank has claimed.
National Australia Bank’s head of home loans Steven Shaw has claimed that competition among the major mortgage lenders is about to hot up, with NAB currently standing in pole position on fixed interest ratehome loans.
Those looking to compare home loans may notice that the bank has extended its lead in offering the lowest interest rates, despite imposing a rate hike earlier this month, as its increase was smaller than the other major home loan providers.
"In the lead-up to the new financial year we’ll probably see more banks become competitive in the fixed-rate market," he said.
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