ANZ decreases variable home loan rates

All variable rate reductions are effective from Friday 12 July, 2019. ANZ Group Executive, Australia Retail & Commercial, Mark Hand said: ‘Today we have decided we will reduce variable interest rates for our home loan customers by 0.25%pa. Importantly, we will apply this reduction across all our variable rate home loans.

ANZ today announced it will decrease variable interest home loan rates in Australia by 0.25%pa, following the Reserve Bank of Australia’s decision to reduce the official cash rate. Decrease all variable interest rates for Australian home and residential investment loans by 0.25%pa.

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The country’s biggest bank on Thursday raised variable mortgage. interest rates to a new record lows as soon as next month. Analysts expect National Australia Bank and ANZ Bank to follow their.

ANZ dropped its variable home loan rates by 0.25% p.a. following today’s RBA cash rate cut, making it the first big bank to pass on the full cut. Considering the backlash ANZ copped from the RBA after not passing on last month’s cash rate cut to customers, it was really only a matter of time before it did.

ANZ today announced it will decrease variable interest home loan rates in Australia by 0.18%pa, following the Reserve Bank of Australia’s decision to reduce the official cash rate. Key points: Decrease all variable interest rates for Australian home and residential investment loans by 0.18%pa.

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Key points: Decrease all variable interest rates for Australian home and residential investment loans by 0.18%pa. For Standard Variable Rate Owner Occupiers paying principal and interest this reduces the Index Rate to 5.18%pa, from 5.36%pa.

After this week’s official cash rate cut, ASB, Westpac, ANZ and Kiwibank all moved to cut their home loan rates by up to 15 basis points. ASB reduced its variable home loan interest rate by 10 basis.