In addition to the many variable home loan rate cuts seen in the wake of the Reserve Bank’s decision to lower the cash rate, a number of lenders have also made big rate reductions to fixed home loan rates.
One of Australia’s largest retail banks, ING, has lowered interest rates across a number of its owner-occupier and investment home loan products by up to 40 basis points, while raising some interest-only rates for owner-occupiers.
Amid reports of falling property values and a volatile share market, the majority of Australian households are experiencing rising levels of financial comfort, according to new survey results from ME Bank.
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