Citibank will be slashing mortgage rates across its entire home loan product suite from Monday 26 August, with certain rates to be cut by as much as 160 basis points.
Australians are now being offered what are some of the lowest fixed mortgage interest rates in history, with Westpac subsidiaries dropping rates below 3%.
Mortgage interest rates on home loans continue to fall, as Aussie, Greater Bank, and Bendigo & Adelaide Bank make fixed and variable home loan rate cuts.
While the Reserve Bank of Australia (RBA) decided to keep the cash rate steady at its recent meeting, that hasn’t stopped a number of lenders from cutting their fixed home loan rates.
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.