Bonfire of the fixed rates

November is here, and with it a flood of fixed-rate cuts, variable rate cuts and more in our express round-up

November is here, and with it a flood of fixed-rate cuts, variable rate cuts and more in our express round-up
 

Firstmac drops admin fees and cuts rate

Waiving of $295 annual fee on its VIP Package Product was accompanied by a 5bps drop to 4.69% on non-bank’s $250,000 tier loan. Promotion includes loans up to 80% LVR.
 

10bps drop on Advantedge variable rate

White label full-doc loan now 4.63% for loans with a value of $500,000 plus, max 80% LVR. Runs until January.
 

Bank of Melbourne / Bank SA / St George Bank lower fixed rates

Trio’s three-year fixed-rate loan down 10bps to 4.79% p.a.; two year fixed-rate loan now4.69% p.a. for loans under the Advantage Package.
 

The Rock discounts five-year fixed rate

Now at 5.10% pa on loans under 80% on Standard Fixed and Rock Star Package home loans.

Lenders - make sure your products make it onto this list by emailing the editor. Brokers - MPA 30 seconds is a product round-up which will save you time, whilst providing vital business intelligence.