Tag: owner-occupier mortgage
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Australian Home Loan Providers Slash Rates Amidst Market Competition
Multiple Australian home loan providers recently made significant reductions to their interest rates, marking a shift in the mortgage market. Data from comparison site Canstar revealed that eight major lenders, including Commonwealth Bank, HSBC, and Bank of us, decreased their variable rates for both owner-occupier and investor loans. These rate cuts were targeted at borrowers…
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Customer-Owned Banks Offer Fixed Home Loan Rates Below 5%
Interest rates on fixed home loans continue to decline as customer-owned banks in Australia are offering rates below 5%. This trend reflects the broader market expectation of further rate cuts. Regional Australia Bank, for instance, has unveiled a 4.98% p.a. fixed rate for owner-occupiers with loan-to-value ratios below 70%, making principal and interest repayments and…