Commonwealth Bank has cut interest rates on its fixed rate loans for home owners and investors as demand for home loans slows.
The cuts apply to principal and interest loans and are "packaged" rates; where those applying for the loans have other products with the bank and apply to those taking out a new fixed-rate loan, not existing mortgages. “After a year and a half of subdued growth in home loans, the banks are hungry to bolster their books through competitive pricing," said Sally Tindall, research director at comparison site RateCity.
CommBank This is a fake-ade. Price is not the issue.
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