Home loan rates tumble in the last six months, despite no RBA cut

Australia’s banks have continued to cut home loan rates for new customers, despite no RBA cash rate move in the last six months.

CBA, Westpac, ING cut home loan rates as RBA cash rate speculation increases

CBA, Westpac and ING have all cut variable rate home loan rates as speculation of an imminent RBA rate cut increases.

$5.5 billion credit card debt wiped out during COVID

Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent.

No RBA cut likely, yet banks keep stinging savers

Savers are continuing to be stung by falling interest rates even though the Reserve Bank isn’t expected to cut the cash rate today.

Eight lenders now offering home loan rates below 2%

There are now eight lenders offering home loan rates under 2 per cent, with People’s Choice Credit Union today cutting its 1-year-fixed rate to 1.99 per cent.

Australians wipe $4.2 billion off credit card debt since COVID

Australians have wiped a staggering $4.2 billion dollars off the national credit card debt accruing interest since the COVID pandemic hit.

Savings rates keep falling as CBA, NAB and ING all make cuts

Savings rates continue to tumble, despite no move to the cash rate, with NAB the most recent big four bank to cut its rates today by up to 0.10 per cent.

Battle of the banks – Australia’s lowest variable rate hits 2.17%

Variable home loan rates continue to drop with Freedom Lend today, the new leader in the mortgage rate wars.

Variable home loan rates tumble to record low of 2.19%

The home loan rate war continues to heat up as the lowest variable rate in Australia drops to 2.19 per cent.

Savers squeezed again as ANZ cuts rates

Australia’s fourth largest bank, ANZ, has today cut its bonus savings rates by 0.15 per cent and some term deposit rates by up to 0.25 per cent.