26/05/2025
Money Mondays đ¸
Following the Reserve Bank of Australiaâs decision to lower the cash rate to 3.85%, several major and smaller banks have reduced their home loan rates. The Big FourâCommonwealth Bank, Westpac, NAB, and ANZâhave all passed on the full 0.25% cut to their variable home loan customers. Additionally, lenders like Macquarie Bank, Suncorp, ING, AMP, and Athena Home Loans have also announced similar reductions.
This is great news for both current and prospective homeowners, as lower interest rates can lead to reduced monthly repayments and increased borrowing capacity.
đ˛ Considering refinancing or entering the property market? Letâs discuss how these changes could benefit you.