Tag: owner-occupier loan
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AMP Bank Raises Rates Amid Shifting Home Loan Market
AMP Bank has recently increased variable rates for both owner-occupiers and investors, while other lenders have made cuts in their rates, reflecting a shifting landscape in the home loan market. This adjustment comes at a time when the Reserve Bank of Australia is expected to make a crucial decision on interest rates. According to Canstar,…
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Competitive Australian Home Loan Rates Spark Borrower Interest
Recent updates in the Australian home loan market reveal a dynamic landscape of shifting interest rates among various lenders, signaling heightened competition in the industry. Canstar’s analysis on Jan. 13 highlighted significant variations in rates for owner-occupier loans, with several lenders offering variable rates below the 5.75% threshold. The Ultimate Guide for Home Buyers in…
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Home Loan Rates Fluctuate Amid Lender Competition in Australia
Australia’s home loan market experienced fluctuations this week, with various lenders adjusting their rates, both upwards and downwards. According to Canstar’s Weekly Rate Wrap-up, BankVic raised two variable rates, while Illawarra Credit Union increased the fixed rate on one of its loans. On the other hand, four lenders reduced 44 fixed rates for owner-occupiers and…