Home News More lenders publish lower rates

More lenders publish lower rates

Font size :
More Australian lenders have followed major banks Commonwealth Bank and Westpac, by introducing lowered rates.
 
Yellow Brick Road Holdings Limited is set to cut its Empower range of home loans by 25 basis points, which will give customers a new variable rate of 4.38% per annum on the Rate Smasher home loan.
 
This is the lowest variable rate the lender has offered. YBR’s Empower Home Loan is also down to a variable rate of 4.64% per annum.
 
Meanwhile, St George Bank, Heritage Bank and Bank of Melbourne are all cutting their variable rates by 25 basis points.
 
St George will move its rates from 5.99% to 5.74% per annum, while Heritage Bank’s special Discount Variable rate is set at 4.34%. Heritage’s special Standard Variable rate will be pinned at 4.64%.
 
Other lenders following the downward rate trend are Bank of Melbourne and Mortgage House Australia.
 
BOM’s standard variable home loan rate will go from 5.90% to 5.65% per annum, while Mortgage House’s rate for its Advantage Home Loan Product Range is dipping to 2.25% - the lowest since August 2013.
 
To discover how the new rates will impact your home loan, click here.
 

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

Mortgage News and Articles

Many millennials are relying on an inheritance to buy homes Many millennials are relying on an inheritance to buy homes

Lawyers are seeing cases where disputes over inheritance have created tensions within families Read more

Gen Y homeowners fearful of interest rate rises Gen Y homeowners fearful of interest rate rises Many are worried rising interest rates will negatively impact their cost of living expenses, according to a new survey ... Read more

Young Sydneysiders are less keen on homeownership Young Sydneysiders are less keen on homeownership Many would rather ‘rentvest’ than be tied down to a costly owner-occupier mortgage, according to new studies ... Read more

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate The sprawling redevelopment aims to boost the supply of affordable housing in Sydney ... Read more

More mortgage news and articles

Sponsored Links

Thursday, Aug 24, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords