Beiträge von veye

Not to be outdone, the Australian big four have reduced house loan rates after other lenders swiftly lowered rates in response to the RBA's rate-cutting announcement.

The country's two major lenders, Commonwealth Bank of Australia and National Australia Bank, swiftly lowered their regular variable home loan rates by 25 basis points. The third-largest lender, Westpac Banking Corp., and the fourth-largest, ANZ Group, likewise implemented equal 25-bp reductions.

Rate cuts by CBA and ANZ went into effect on August 22, while those by NAB and Westpac went into effect on August 25 and August 26, respectively. Customers who hold house loans now benefit from the full rate cut offered by all four main banks.

Edit LF:

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Regards, LF

Not to be outdone, the Australian big four have reduced house loan rates after other lenders swiftly lowered rates in response to the RBA's rate-cutting announcement.

The country's two major lenders, Commonwealth Bank of Australia and National Australia Bank, swiftly lowered their regular variable home loan rates by 25 basis points. The third-largest lender, Westpac Banking Corp., and the fourth-largest, ANZ Group, also implemented equal 25-bp reductions.

Rate cuts by CBA and ANZ went into effect on August 22, while those by NAB and Westpac went into effect on August 25 and August 26, respectively. Customers who hold house loans now benefit from the full rate cut offered by all four main banks.