MORTGAGE NEWS

The Reserve Bank of Australia today decided to lower the official cash rate. With inflation figures released last week showing the economy cooling, a cut to interest rates was considered a certainty. The Board decided to cut the cash rate by 50 basis points to 3.75 per cent. For the past three months the Board [...]

AMP has announced it will match the 0.25% interest rate drop from the RBA effective 16 December 2011 for new customers and 19 December 2011 for existing customers.  The have also announced their Essential Home Loan will have an interest rate of 6.35% with no ongoing fees and until 31 March 2012 they are waiving [...]

ING have announced they will be matching the Reserve Bank of Australia rate reduction in full.  The 0.25% reduction will take affect on the 13 December 2011.  To see how this compares to the rest of the lenders, use our comparison calculator.

Only one week to go until the Citibank $1,000 refund ends.  For applications submitted until 16 December 2011 Citibank will refund $1,000 to help offset the costs of refinancing.  With a market leading fixed rate and free rate lock this is one of the best offers at the moment.  To see how this compares to [...]

Bank of Melbourne has announced they will price match any advertised rate from CBA, ANZ, NAB and Westpac from 7 December 2011 to 29 February 2012.  This is a really great offer with lenders competing on price for new business.  To see how this compares to the rest of the lenders, use our comparison calculator

Effective Tuesday 6 December 2011, Bankwest will make changes to the our Fixed Interest Rates. Please refer to the below rate changes:   Interest Rate Changes Fixed Rate From: To: Year One 6.59%p.a 6.19%p.a Year Two 5.99%p.a 6.19%p.a Year Three 6.59%p.a 6.29%p.a Year Four 6.49%p.a No Change Year Five 6.99%p.a No Change

COMMONWEALTH BANK ACTIVATES EMERGENCY PACKAGE FOR PEOPLE AFFECTED BY NORTHERN NSW FLOODS The Commonwealth Bank has responded to residents and businesses in parts of northern NSW by activating its special emergency assistance package to help people affected by storms and flooding. The package is also available to the residents of Batlow who were recently affected [...]

The Reserve Bank of Australia has reduced the cash rate by .25% to 4.25%.  Bank of Queensland has so far matched the interest rate drop with other lenders still reviewing their options.  More to follow…..

The current Advantage Package Discount Campaign will end on Wednesday 30 November 2011.    The following offers will be available from 1st December 2011 to 16th December 2011:   Advantage Package discounts  for Variable rate loan 0.8% p.a. discount  for total borrowings >=$250,000    Basic Loan 6.83% p.a. for total borrowings >=$250K (i.e. 0.05% discount)   [...]

The CBA Home Loan Guarantee Offer to beat any advertised rate for a Home Loan from ANZ, NAB and Westpac by 0.01% will end at close of business on Friday 9 December 2011.   This offer is available to new and existing customers where the customer is taking up new borrowings of $100,000 or more [...]