Soon after the Reserve Bank of Australia announced they will reduce the official cash rate from 2.00% to 1.75%, the major banks and many other lenders have decided to pass on the full interest rate cut of 0.25%. Interestingly, NAB were the first to make the announcement to reduced their variable home loan and investment loan interest Read More
Westapac are offering a $1,250 refinance rebate offer for home loan and investment loan customers. Here are the main conditions of the offer; – Only available for home and investment loans – eligible applications received from Tuesday 1st September 2015 and conditionally approved by Saturday 30th April 2016. Loans must settle on or before Thursday Read More
UPDATE: ING DIRECT will increase variable interest rates on all residential loan products by 0.18% p.a. effective from 15 January 2016. At yesterdays’s board meeting the Reserve Bank decided to leave the cash rate unchanged at the current low of 2.00%. However, over the last few weeks the major banks and other lenders have been busy Read More
NAB have announced that they will be increasing their variable interest rates by 0.17% effective 12th November 2015. Following Westpacs and Commonwealth Banks move to increase variable interest rates they too cited that they are partially offsetting costs associated with recent changes to capital requirements. We also expect ANZ to follow in the coming days. Read More
Following Westpacs 0.20% move to increase variable interest rates the Commonwealth Bank has today announced an increase in its variable home loan rates by 0.15%pa (15 basis points), citing that they are partially offsetting costs Read More
In an unexpected move Westpac decided to raise interest rates in its variable home loan (owner occupied) and residential investment property loan rates by 20 basis points. The new rates take effect from 20 November 2015. It is tipped that the big banks and smaller lenders will also look to the same but we will Read More