Tag: fixed rate mortgage
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Home Loan Market Competition Intensifies Amid Anticipated Rate Cuts
Competition in the home loan market is intensifying as lenders gear up for the Reserve Bank’s upcoming board meeting, where a 0.25% interest rate cut is widely anticipated. With economists predicting this rate cut, many borrowers are already benefiting from reduced rates, with over two dozen lenders slashing their fixed rates in recent weeks. The…
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ANZ Leads Rate Cuts in Competitive Mortgage Market
ANZ has recently made significant reductions in its fixed mortgage rates for both owner-occupiers and investors, just ahead of the Reserve Bank of Australia’s upcoming monetary policy announcement. The bank has lowered its fixed rates by up to 0.40 percentage points for owner-occupiers and up to 0.45 percentage points for investors. This move positions ANZ…