Skip to Content

Important information

Please be aware of the following;

  • As a blog style website there can be a lot of historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent some lenders who may be historically referred to within this website.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Banks Lower Home Loan Interest Rates

Wed, 2008-10-08 09:47 — administrator

Following the Reserve Bank of Australia lowering of the cash rate to 6 percent most banks have announced they will be lowering their standard variable home loan interest rates by 0.80 percent.

Borrowers need to be aware there are still variations between many lenders standard variable home loan interest rate. These variations are a result of lenders increasing standard variable home loan interest rates independently of the Reserve Bank cash rate increases and by different amounts earlier in 2008.

Fixed interest rate home loans have been reducing for the past couple of months and had already began to reduce prior to the Reserve Bank lowering the cash rate by 0.25 percent in early September.

The best way to calculate which home loan may suit you best is to contact Ability Finance brokers who can calculate possible options using the innovative ActiveClient home loan qualifier system.

Ability Finance can be contacted on 02 80024035




Theme by Dr. Radut.