Previous News Items
Mortgage House will drop its interest rates by 25 basis points for both new and existing customers of the Mortgage House funded program, the Chameleon range.
The move follows all four of the major banks eventually - even if NAB was somewhat tardier, than the others and more miserly as well.
NAB's trimming of its variable mortgage rate by 20bps was not only conspicuously late, but also by less than the RBA - and its rivals.
ANZ joined Westpac and CBA this morning in passing along yesterday's RBA rate cut in full.
Managing director Sarah Roberts said Mortgage House welcomed the decision by the RBA to drop interest rates.
"A reduction in interest rates presented an opportunity for mortgage holders to get ahead with their home loan," she added.
"This could see them benefiting from starting the new year in a positive position, during a time when spending and debts increase," she said.
Connective passes pricing power to brokers - Connective has come up with a product that gives brokers the freedom to choose the rates and commission structure that suits them best, to balance business demand with client expectation.
There is a way through the rate war, says non-bank lender - Non-bank lenders can ease the current rate debate by ensuring they adhere to the timely processing of deals and the pre and post settlement care of their customers, according to Peter Bromley LJ Hooker Finance's head of finance.
Did you like this article?
Subscribe to the MortgageMix to receive our Newsletter and weekly News-Wrap
|Phone (02) 9939 8771|