On Monday Bankwest cut its unsecured personal loan rate by two percentage points.
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A fair number of lenders raised rates on home loans this week, including Bankwest, Newcastle Permanent, and Greater Bank. But why?
Amid strong expectations of further cash rate cuts and tentative signals of a property market rebound, Australia’s largest banks are among the many lenders tempting mortgage-holders to lock in their interest rates with some attractively low fixed-rates.
With the Reserve Bank of Australia (RBA) expected to cut the interest rate on Tuesday, more lenders this week have made rate cuts to some of the mortgages on offer.
With Australia’s central bank widely expected to cut the cash rate in the coming months, more lenders have this week made rate cuts to some of the mortgages on offer.
Two of Australia’s biggest lenders, Commonwealth Bank and Bendigo Bank, have dropped interest rates on some of their key home loan products.
CoreLogic’s latest home value index results for March 2019 show the national average dwelling value fell by 0.6%, which is actually the smallest month-to-month decline since October 2018.