Tag: variable rate home 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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Commonwealth Bank Introduces Simple Home Loan for Streamlined Mortgages
The Commonwealth Bank of Australia (CBA) has expanded its mortgage offerings by introducing the ‘Simple Home Loan’ to the broker market. This new variable rate home loan option aims to cater to customers seeking a streamlined mortgage solution that prioritizes simplicity and control over their repayments. The Simple Home Loan allows customers to link up…
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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 Market Stability Amid Rate Adjustments and Uncertainties
Amid speculation of a potential cash rate cut and the recent federal election outcome, Australia’s home loan market maintained stability last week, with most lenders refraining from significant changes in light of uncertainties. The Australian Guide to Buying Your First Home: How to Increase Your Income, Manage Your Mortgage and Get Debt-Free | $18.66 Only…
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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…