MPA Lender Update 23/05/2015

Bank of Queensland's fixed and variable rates down | Reduction in all CUA fixed rate home loans

Bank of Queensland's fixed and variable rates down | Reduction in all CUA fixed rate home loans

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

RATES
  • Bank of Queensland announces a 17bps reduction in the Clear Path Home Loan, providing a limited time variable rate of 4.45%. Another change was a 30bps reduction on its three-year fixed rate, down to 3.99% with a 1.14% discount on the Standard Variable Rate when the loan rolls over at expiry
 
  • CUA's three-year and five-year fixed rates have both been cut by 34bps. to 4.25% and 4.55% respectively. All other fixed rate home loans have been dropped by 20bps.
PRODUCT
  • NAB Broker withdraws 10-year fixed rate loan
POLICY
  • No changes today
COMMISSIONS
  • No changes today
+ today's Market Watch: Market Watch: Low interest rates should stay says REIA