Tag: variable mortgage rates
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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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Macquarie Bank Leads Rate Cuts Amid Predictions of Further Reductions
Macquarie Bank has made a strategic move by cutting its fixed interest rates just ahead of the Reserve Bank of Australia’s upcoming meeting. This adjustment positions Macquarie as the lender offering the lowest fixed rates in the market, a significant development in the competitive landscape of home loans. Home Loan Interest Rates in Germany: A…