ANZ have passed on the full interest rate cut announced by the RBA last Tuesday. Their variable home loan rate from 15 June is 6.8% the lowest of the big banks.
Westpac’s variable lending rate will drop 20 basis points rather than the full 25 basis-point cut made by the RBA. The bank’s lending rate will fall to 6.89 per cent, effective from June 18.
The market is very competitive right now and we can compare home loans and get you a better deal on fixed interest rates and also variable interest rates through The Home Loan Company.
Have a happy long royal weekend.
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