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ANZ Ignore RBA & Increase Rate
- February 10, 2012
- Posted by: admin
- Category: Bank Profits, Budget, Enconomy, Finance News, Financial goals, Home loan product, Inflation, Interest rate, Wealth
No CommentsANZ today announced it will increase interest rates for variable rate mortgages and small business lending by 0.06%pa. This is the first time the bank has moved to increase its rates independently of the RBA’s cash rate since it announced its split with the central bank’s pricing in December last year. According to a statement
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Lenders battle over fixed interest rates
- March 15, 2011
- Posted by: admin
- Category: Enconomy, Home loan product, Inflation, Interest rate
Competition amongst the banks is heating up in the fixed rate arena with ANZ the latest to announce changes to its two year fixed loans. Last week, ANZ became the third lender in as many days to slash its rates, cutting its two year fixed rate by 5 basis points, taking it to just 7.19
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Westpac cuts fixed interest rates
- March 9, 2011
- Posted by: admin
- Category: Home loan product, Interest rate, Wealth
The war between Australia’s major lenders shows no signs of abating, with Westpac slashing rates across a number of its mortgages. Yesterday, the major announced its plans to cut the interest on its two, three, four, five and 10 year home and investment property fixed loans. The lender cut up to 20 basis points from
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Fixed rate home loans to make a come back
- September 10, 2010
- Posted by: admin
- Category: Finance News
Fixed rates cold be back in demand over the coming months. in the next month or two could be the time if you are considering a fixed rate home loan. Fixed rates are currently becoming very reasonably priced. Lenders have seen that there is a market there and they are slashing their rates accordingly Which
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ANZ cuts home loan rates
- May 27, 2010
- Posted by: admin
- Category: Finance News
ANZ has trimmed some of the fat on its fixed term mortgage rates, positioning itself as a true competitor in fixed lending. Yesterday, the major announced it would slash six basis points from its three year fixed rate, 19 basis points from its four year fixed loan and nine basis points from its five year
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Fixed rate home loan demand on the rise
- February 18, 2010
- Posted by: admin
- Category: Finance News
More Australians are considering fixed rate home loans as fear sets in that the historically low variable rates, experienced over the last few months, are coming to an end. CBA, Westpac, NAB and ANZ have all confirmed a lift in customers fixing rates over the past two months. Westpac reported a 25 per cent hike
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Westpac increases fixed rates
- January 13, 2010
- Posted by: admin
- Category: Finance News
Westpac has confirmed yesterday that it will lift interest repayments on its fixed rate mortgages by as much as 0.25 per cent. Westpac senior media relations manager Jane Counsel told Mortgage Business that higher funding costs and market rate movement had forced the bank to lift its rates. “We are moving in line with the
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ING DIRECT reduces fixed rates
- January 8, 2010
- Posted by: admin
- Category: Finance News
ING DIRECT has dropped the interest rate on its two, three, four and five year fixed rate residential mortgage products. Effective from today, the new rates will be some of the most competitively priced fixed rate mortgage products on the market. “Even though fixed rate volumes are currently low across the industry, we expect an