Tag: mortgage rate reduction
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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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Commonwealth Bank Customers Benefit from Rate Cut Flexibility
In February 2025, the Commonwealth Bank reported that only 14% of eligible home loan customers had adjusted their direct debit repayments following a rate cut. The reduction of 0.25% per annum resulted in potential monthly savings of up to $80 for customers with an average loan size of $500,000. The Australian Guide to Buying Your…