Tag: mortgage refinancing options
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RBA Cuts Cash Rate, Offering Relief to Homeowners in 2025
Interest rates are a crucial aspect of the economy, impacting various financial products like home loans. The Reserve Bank of Australia (RBA) plays a significant role in setting the cash rate, affecting borrowing costs for consumers. The recent cut in the cash rate to 3.85% following the May 2025 monetary policy meeting has brought some…
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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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Commonwealth Bank Slashes Fixed Home Loan Rates Amid Industry Competition
The Commonwealth Bank of Australia has made headlines by announcing a significant cut to its fixed rate home loans. The bank is set to reduce fixed rates by up to 0.40 percentage points across all fixed terms, a move aimed at attracting new customers and retaining existing ones. This decision comes in the wake of…