Tag: variable interest rate
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ANZ Cuts Home Loan Rates to Aid Homeowners
ANZ has announced a reduction in variable home loan rates in response to the Reserve Bank of Australia’s decision to lower the official cash rate. Effective 22 August 2025, variable interest rates on ANZ’s Australian home loans will decrease by 0.25% per annum. This move aims to provide relief to homeowners and offer them flexibility…
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Home Loan Battle: Commonwealth Bank Slashes Rates for Homeowners
A home loan war has erupted among Australia’s banks following the recent interest rate cuts by the Reserve Bank of Australia. Commonwealth Bank, the country’s largest lender, has announced significant reductions in both fixed and variable interest rates, providing a substantial benefit to homeowners. The Australian Guide to Buying Your First Home: How to Increase…