Tag: competitive mortgage rates
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Recent Australian Mortgage Rate Adjustments Reflect Economic Shifts
This past week witnessed subtle yet noteworthy movements in the Australian mortgage market, with several lenders adjusting their rates. Canstar’s recent rate update revealed that five lenders reduced their variable rates by an average of 0.07%, while two others made cuts to 28 fixed rates by an average of 0.17%. The Australian Guide to Buying…
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CommBank Slashes Digital Home Loan Rate to Compete with Industry Leaders
CommBank has re-entered the digital mortgage space by slashing its home loan variable rate to 5.84% per annum, making a strategic move to compete with other major players in the market. This rate reduction is aimed at attracting new customers with a loan-to-value ratio (LVR) of 60% or less, matching competitive rates offered by key…