Interest Rate Drop

Major Banks Cut Fixed Rates Below 2%

personOtto Dargan access_timeMarch 22, 2021

Fixed rates for home loans are well below variable rates and are the lowest they’ve been in Australian history. Westpac was the first to launch a mega-low interest rate below 2%, after which the National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) followed....

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Pros And Cons Of Interest Rate Drop

personOtto Dargan access_timeDecember 14, 2020

On November 3rd, the Reserve Bank of Australia (RBA) announced a record low interest rate cut that reduced the cash rate to an unprecedented 0.10 per cent.  A rate cut can prove beneficial with home financing, but the impact depends on what type of mortgage the client has, whether...

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