MPA Lender Update - 5/5/2016

Rate cuts announced from multiple lenders - CUA, ING Direct, NAB Broker, St George, ANZ

Rate cuts announced from multiple lenders - CUA, ING Direct, NAB Broker, St George, ANZ

CUA reduces standard variable rate by 0.25% p.a. to 4.81% p.a. for owner-occupiers and by 0.20% to 5.22% p.a for standard variable rate for investors, effective 19 May.

ING Direct cuts standard variable rate on residential and commercial property by 0.25% p.a. effective Friday 20 May, applicable to both owner occupier and investor borrowers.

NAB Broker drops variable indicator rates by 0.25% p.a., effective Monday 16 May.
NAB Homeplus Rate/NAB Homeplus Home Loan Variable Interest Rate dropped by 0.25% pa from 5.63% pa to 5.38% pa
NAB Homeplus Residential Investment Rate dropped 0.25% pa from 5.78% pa to 5.53% pa

St George reduces variable home loan (owner occupied and residential investment property) loan rates by 0.25%, effective 23 May. 
5.44% per annum for owner occupier home loan variable rate (comparison rate 5.61% per annum*) 
5.69% per annum for residential investment property variable rate (comparison rate 5.85% per annum*).

ANZ cuts standard variable rate indices for Residential Home Loan products by 0.19%pa., to 5.37% pa for owner occupiers, effective 13 May.
Introduces special highly competitive 2-year Fixed Rate Home Loan for Owner Occupiers of 3.75%pa