| More banks cut fixed-rate home loans |
 |
 |
 |
|
(September 29,2011)
ING Direct has joined the raft of mortgage providers cutting fixed-rate home loans. The online bank today said it had cut its three-year fixed-rate home loan to 6.29 per cent. It also cut its four- and five-year rates to 6.59 and 6.69 per cent, respectively, it said in a statement. ING Direct executive director of delivery Lisa Claes said the cuts were to maintain ‘‘our competitive position in what is a very active market for fixed rate loans’’. Earlier today St George Bank and Credit Union Australia (CUA) both announced they had cut their fixed-rate loans. St George, which is owned by Westpac Banking Corporation, said it had reduced its three-year fixed-rate home loan by 15 basis points to 6.39 per cent, and its two-year fixed-rate home loan by five basis points to 6.39 per cent. CUA said it had cut its three-year fixed-rate home loan by five basis points to 6.34 per cent. Earlier this week, Westpac cut the three-year fixed rate on its Premier Advantage package by 15 basis points to 6.44 per cent. Most banks have been reducing rates on their fixed-rate loans as the expectations of a rate rise by the Reserve Bank of Australia weaken. Source from Theage.com.au |
Follow Us on Facebook
News
Only a third of small firms have a websi（May 22,2012） ALMOST two-thirds of small businesses do not have a presence on the internet, although those that have websites are enjoying more impressive financial results. Research by business software provider MYOB ... READMORE |
Bourse rallies on hopes of China stimulu（May 21,2012） THE Australian equities market made a positive start to the week yesterday after last week's 5.6 per cent drubbing, on news China could contemplate a fresh stimulus package to ... READMORE |
Australia could be a capital 'safe haven（May 18,2012） EUROPE'S economic turmoil could turn Australia into a safe haven for global capital, former Treasury secretary Ken Henry says. Mr Henry said the unfolding economic crisis in Europe will create ... READMORE |
Victorian prison project in trouble（May 17,2012） UNIONS have called on the Victorian government to intervene in the Ararat prison development after builders were unable to pay contractors. The $400-million public-private partnership project may be up to ... READMORE |
Dollar falls below parity, hits five-mon（May 16,2012） THE dollar fell below parity with the US dollar for the first time in almost five months, as political uncertainty in Greece and signs of an economic slowdown in ... READMORE |
Australian consumers in crisis mode（May 15,2012） MORE than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy. Some 58 per cent of respondents said they believed they ... READMORE |
Australian consumers in crisis mode（May 14,2012） MORE than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy. Some 58 per cent of respondents said they believed they ... READMORE |
Yahoo! CEO Scott Thompson says sorry for（May 11 ，2012）YAHOO! CEO Scott Thompson says he is sorry for allowing an inaccuracy about his education to appear in his official biography, but not remorseful enough to heed calls ... READMORE |
Substance to OneSteel's new direction un（May 10 ，2012）IT'S appropriate that OneSteel holders today used a futuristic hand-held gizmo to vote to change the company's name to Arrium, which is an ancient Incan term for "anything ... READMORE |
Trade deficit doubles as growth in impor（May 09 ，2012） AUSTRALIA posted a seasonally adjusted trade deficit of $1.59 billion in March, compared with a deficit of $754 million in February, the Australian Bureau of Statistics said today. Economists ... READMORE |
|
More in: News
|
- + 3 |
Subscribe RSS feed
