The lender has dropped variable mortgage rates by up to 18 bps across its owner-occupied and investment home loan products.
Bankwest has reduced a number of its home loan acquisition rates, effective from 19 November.
The changes apply to both owner-occupied and investment home loan products.
For owner-occupiers, Bankwest has announced:
For investors, Bankwest has announced:
Mortgage rate reductions are set to continue, with analyst expecting the RBA to lower the cash rate at least once in the coming months.
AMP Capital senior economist Shane Oliver is expecting the RBA to adjust the cash rate twice in the months ahead, forecasting reductions in both December and February, which he said could accompany quantitative easing.
Charbel Kadib is the news editor on The Adviser and Mortgage Business.
Before joining Momentum Media as a journalist in 2017, Charbel held roles with public relations agency Fifty Acres, and the Department of Communications and the Arts.
Commissions paid to brokers on top-up loans may be deemed “conf...
Brokers operating in New Zealand need to prepare for the potentia...
The mortgage aggregator has introduced a new process for loan app...