Three more lenders drop rates
Three more lenders drop rates
MPA Lender Update is your same-day product information service, bringing together updates from all lenders
RATES
Virgin Money passes on full RBA rate cut, dropping all its Reward Me owner-occupied variable home loan rates by 0.25%, making its lowest variable rate 3.69%p.a. for owner-occupiers (comparison rate 3.83%p.a.).
Virgin Money also cuts variable rates for investors by 0.20% making its lowest variable rate for investors 3.99%p.a. (comparison rate 4.12%p.a.).
Rate changes are effective for all new and existing Reward Me customers from 8 August.
Bank of Queensland reduces variable home loan rates for owner occupiers by 0.15% p.a. and rates for investors by 0.10% p.a., effective 31 August 2016.
BOQ also today reduced its 3-year fixed rates for owner occupiers and investors to 3.59% and 3.79% respectively.
ING DIRECT drops its Orange Advantage variable home loan rates for existing and new customers by 0.12% p.a. effective Monday 15 August, 2016.
• Owner occupier - Orange Advantage (100% offset) LVR of 80% or less with minimum borrowings of $150k: 3.67% p.a. (3.89% p.a. comparison rate)
• Investor - Orange Advantage (100% offset) LVR of 80% or less with minimum borrowings of $150k: 4.12% p.a. (4.34% p.a. comparison rate)
All other variable home loan rates for new and existing customers will reduce by 0.10% p.a.
Commercial variable loan rates will also reduce by 0.10% p.a.
All ING DIRECT rate changes effective Monday 15 August 2016.
PRODUCT
No changes today
POLICY
No changes today
COMMISSIONS
No changes today
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