Get notifications in real-time for staying up to date with content that matters to you.
One Australian mortgage provider has today announced rate reductions on a number of home loan products.
As the Reserve Bank Australia prepares to decide whether or not to cut the official cash rate tomorrow, Newcastle Permanent has come out with a sharp set of fixed-rates for its home loan customers.
The lender’s four-year fixed-rate home loan has been cut by 0.45 per cent to 3.94 per cent (4.7 per cent comparison rate), while its three-year fixed rate has fallen by 10 basis points to 3.79 per cent (4.75 per cent comparison rate).
Newcastle Permanent has also reduced its two-year fixed rate by 0.05 per cent to 3.69 per cent (4.83 per cent comparison rate).
All changes are effective from today.
[Related: ING Direct cuts home loan rates]
James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.
He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.
He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.
James holds a BA (Hons) in English Literature and an MA in Journalism.
The Member for Fisher says brokers back the bill repealing resp...
The non-bank has reported an 11 per cent growth in new loans writ...
Andre Agassi and Lleyton Hewitt underscored the importance of bus...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you find that lender valuations frequently come in below 'independent' market valuations?
