MPA Lender Update 14/04/2015

Lender updates today: Adelaide Bank cuts variable rates by 20% | ME Bank rates below 4%

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

RATES

• Adelaide Bank will reduce the interest on all variable rate home loans for new business by 0.20 basis points, effective 14 April
• ME Bank has cut its 3-year fixed Standard Home Loan by 40 basis points to 3.99%. It has also announced cuts on its 1-year and 5-year fixed rates, to 4.29% and 4.39% respectively

COMMISSIONS

• No changes today

POLICY

• No changes today

+ This morning's Market Watch: Buyers are still holding back says report