Tag: fixed home loan rates
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Police Bank Slashes Home Loan Rates, Trends Shift Below 5%
Police Bank recently made a significant move by slashing its fixed home loan rates below 5%, a trend indicating potential changes in the mortgage market. The decision saw a reduction of up to 1.15% in three-year rates, dropping them below the 5% threshold. This development comes after two-and-a-half years of average new home loan rates…
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Commonwealth Bank Cuts Home Loan Rates Amid Market Competition
The Commonwealth Bank of Australia (CBA) has announced a significant reduction in its fixed home loan rates, cutting them by up to 0.40 percentage points. This move follows a recent decision by the Reserve Bank of Australia to lower the cash rate, prompting CBA to also trim its variable mortgage rates by 0.25 percentage points.…
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Macquarie Bank Slashes Fixed Home Loan Rates, Outshines Competitors
Macquarie Bank has made a significant move in the mortgage market by reducing its fixed home loan rates by 20 basis points, positioning itself as a leading provider of competitive fixed rates in Australia. This rate adjustment precedes the Reserve Bank’s upcoming meeting, where a cash rate cut is heavily anticipated. The Australian Guide to…