Citibank has cut its variable home loans by 25 basis points.
The standard variable rate has fallen to 6.19% (comparison rate 6.33%).
Your Mortgage’s home loan calculator shows the 0.25% drop will save customers about $23 a month for a home loan of $150,000 on a loan term of 25 years, compared to the previous rate.
Changes are effective from Monday 26 August.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker