Tag: adjustable rate mortgage
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Westpac Leads Major Lenders in Home Loan Rate Cuts
As the Reserve Bank of Australia made a significant cut of 25 basis points to the cash rate, the focus shifted to how home loan providers would respond to this change. The big news was Westpac’s decision to lower its variable rates to as low as 5.59% per annum, following in the footsteps of other…
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RBA Cuts Cash Rate, Offering Relief to Homeowners in 2025
Interest rates are a crucial aspect of the economy, impacting various financial products like home loans. The Reserve Bank of Australia (RBA) plays a significant role in setting the cash rate, affecting borrowing costs for consumers. The recent cut in the cash rate to 3.85% following the May 2025 monetary policy meeting has brought some…
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Banks Cut Home Loan Rates After RBA’s Rate Reduction
After the Reserve Bank of Australia’s decision to cut the official cash rate by 0.25 percentage points, the big banks swiftly followed suit by reducing their variable home loan rates. With the official cash rate now at 3.85 per cent, borrowers are set to benefit from lower mortgage rates, making repayments more manageable. While some…