Aussie Home Loans drops interest rates again
AUSSIE Home Loans has dropped its standard variable mortgage rate by a further 40bp.
Aussie drops rates again
NON-bank lender Aussie Home Loans has dropped its standard variable mortgage interest rate by a further 40 basis points, on top of a 50-basis-points cut before last week's change to the official cash rate.
Executive chairman John Symond says Aussie's 7.65 per cent rate is below that of the big four banks and will lead to increased competition.
The mortgage broker also announced it was also reducing its basic variable rate for first homebuyers to 6.99 per cent.
The rate change is effective for new and existing borrowers today.
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