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The non-bank sector has upped the ante in its price war against the banks with the launch of a second 3.99 per cent fixed rate loan within the space of a week.
Mortgage Ezy has announced a 3.99 per cent 12 month fixed rate loan hot on the heels of FirstMac’s launch of a similar product on Friday.
Garry Driscoll, Mortgage Ezy general manager said the new rate was the result of the Australian Office of Financial Management’s first round of funds reaching the mortgage market.
“The government wants competition back in the mortgage market and Mortgage Ezy is keen to lead the charge.”
Published: 24-11-08
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FirstMac ‘takes fight to banks’ with 3.99pc introductory rate 21-11-08
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