Tag: fixed home loan rates
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ANZ and Bank Australia Cut Rates Amidst Competitive Mortgage Market
As the Reserve Bank of Australia (RBA) decision on interest rates looms, the banking landscape is in flux. ANZ and Bank Australia have chosen to reduce rates, while AMP has decided to increase them, going against the trend. The Ultimate Guide for Home Buyers in Australia 2025 | $16.39 With all four major banks anticipating…
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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…