Australia’s big banks search for new customers with cut price fixed loans – Reuters

NAB and ANZ have slashed some fixed rate home Loans by up to 50 basis points, following the lead of the other Big Banks in the past month. NAB cut its 5-year fixed rate on owner-occupied principal & interest loans by 50 basis points, from 4.59% p.a. to 4.09% p.a. – which would save about $89 per month on a $300,000 30-year loan.

SYDNEY (Reuters) – Australia and New Zealand Banking Group cut fixed mortgage rates on Friday, the last of the country’s growth-starved big banks to do so in recent weeks as they chase new customers amid lower funding costs. With profit growth weakening along with property prices, the lower fixed.

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The Fed probably will lower the rate, at either its July 31.Australia’s big banks search for new customers with cut price fixed loans – The country’s major home-loan lenders, which include ANZ, CBA, westpac banking corp and National Australia Bank, have all now reduced some of their fixed rates by between 10 and 30 basis points for.

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Australia’s big banks search for new customers with cut price fixed loans – The country’s major home-loan lenders, which include ANZ, CBA, westpac banking corp and National Australia Bank, have all now reduced some of their fixed rates by between 10 and 30 basis points for.

Australia’s big banks search for new customers with cut price fixed loans – The lower funding costs are not generally being passed on to variable rate mortgages that account for about 80% of the major banks’ A$1.7 trillion (.2 trillion) home-loan books. The country’s major.

Australia’s big banks search for new customers with cut price fixed loans – Reuters Australia’s big banks search for new customers with cut price fixed loans – The country’s major home-loan lenders, which include ANZ, CBA, Westpac Banking Corp and National Australia Bank, have all now reduced some of their fixed rates by between 10.