All majors and a non-major drop rates

All majors and a non-major drop rates

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES
Bank of Sydney passes on the full 0.25% cash rate cut, dropping its owner occupier variable rate by 25bps.
Its ‘Broker Special’ variable rate is down to an historic low of 3.54% and for owner occupied borrowers that don’t meet the Broker Special criteria the Expect More Home Loan rate is down to 3.63%.

NAB drops its standard variable rate (SVR) by 10bps to 5.25% and also its standard variable business rate lending products by 10bps, both effective Friday 19 August. 

ANZ decreases its standard variable rate by 12bps, to 5.25% for owner occupiers and 5.52% for investors, effective Friday 12 August.
All business lending variable rate indices will decrease by 10 basis points.

Westpac reduces its standard variable rate by 14 bps, to 5.29% for owner occupiers and 5.56% for investors. Variable cash rate business loans will be reduced by 10bps.

CBA drops its standard variable rate mortgages by 13bps.

PRODUCT
No changes today

POLICY
No changes today

COMMISSIONS
No changes today


Catch up on this week's news:
FBAA urges banks to pass on full OCR cut
Tasmania on the bottom over the past two decades

Inflation figures set to trigger RBA cut

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