BREAKING NEWS:
ANZ for the last 2 years have broken their Friday interest rate review protocol and announced that they will reduce their variable interest rates by 0.25% effective February 12th
NAB also reduced rates today by 0.25%
Westpac slashes beyond rate cut by 0.28% effective 20th February 2015. RAMS, St George and Bank of Melbourne may do the same.UPDATE: Commonwealth Bank first major to reduce their standard variable rate by 0.25%, effective 20th February 2015
The RBA announced this afternoon they have reduced the official cash rate by 0.25%.
It has been 18 months since interest rate have moved and they are the lowest in 60 years.
We expect that lenders will announce their response over the coming days and we will keep you updated below.
If you have any questions feel free to contact us.
Below shows how much each lender passes on their home loan rates. Interest rates will be updated on our main website once each lender passes on the reduction. Read More
The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged. The variable interest rate has remained unchanged since August 2013 at 2.50% Economists are predicting rates will rise next year as early as March with subsequent rises there after. I never pay too much attention to economists as they very Read More
The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged. We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate. Even though variable interest rates are on hold for this month Read More
No sooner I wrote that Commonwealth Bank reduced their 5 year fixed rate loans to 4.99%, NAB and Westpac also reduced their rate down to 4.99%. All these loans are available under their packaged loans where there is an annual fee to be paid, up to $395 depending on the lender. ANZ and other lenders Read More
The Reserve Bank of Australia announced yesterday at 20pm that they will leave the official cash rate unchanged. We expect that the major lenders (ANZ, NAB, Commonwealth Bank, Westpac) will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate. Fixed rates Read More
The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged. It looks like that rates will remain stable for some time yet according to many economists. We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes Read More
