Powered by MOMENTUM MEDIA
subscribe to our newsletter
ME cuts home loan rates

ME cuts home loan rates

Industry super fund-owned bank ME has today announced further rate cuts for owner-occupiers and investors.

The non-major reduced its three-year fixed home loan rate by 10 basis points to 3.79 per cent for owner-occupiers and 3.89 per cent for investors.

These rates are available for principal and interest and interest only repayments with no loan to value ratio restrictions.

Advertisement
Advertisement

ME’s general manager of broker, Lino Pelaccia, said ME was able to facilitate the new rates through recent cheaper fixed-rate funding.

“The cost of fixed-rate funding has fallen significantly, savings that ME has decided to pass on to customers in the form of cheaper fixed rates home loans,” he said.

Last week, ME slashed its home loan variable rates for new customers.

ME cuts home loan rates
mortgagebusiness

 

Latest News

A global market analyst has urged observers not to “overstate” the extent of the housing downturn, despite the RBA claiming that it has ...

The major bank has announced a raft of changes to its wealth strategy, including the sale of its “high-cost, loss-making” personal finan...

A big four bank has resumed business with the embattled residential property valuations firm, following a cyber attack that exposed the priv...

FROM THE WEB
podcast

LATEST PODCAST: Coalition government and CBA delays

Is enough being done to ensure responsible lending?