ANZ has faced claims that its long-standing mortgage customers were being used to subsidise new customers as the bank looks for growth in a slowing credit market. JPMorgan banking analyst Scott Manning said ANZ had been among the most aggressive when it came to offering discounts for new customers. While headline mortgage rates have been rising, …
Do you think NAB will keep the home loan interest rate low?
[poll] National Australia Bank boss Cameron Clyne hasn’t ruled out a hike in his bank’s interest rates, but has pledged to undercut rival when it comes to the pricing of mortgages. Mr Clyne said interest rates “will move around” but NAB will be the best deal of the major banks. NAB currently sells variable mortgages …
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ANZ lifted fixed home loan rates
ANZ became the first of the big four banks to raise fixed home loan rates in March 2012 although it kept the interest rate on its variable mortgage steady. In a further sign that the banks are moving independently from the RBA, ANZ has lifted some of its fixed rates, including its residential three-year fixed package, which is its …