Two more lenders go under 4 per cent
North Queensland based lender Auswide Bank has announced a new variable home loan interest rate of 3.98 per cent for owner-occupier borrowers who have equity of at least 20 per cent.
AMP Bank has reduced its Essential Home Loan rate from 4.09 per cent to 3.99 per cent.
Auswide managing director Martin Barrett said Auswide wanted to take advantage of opportunity in the marketplace. This is possibly a reference to other larger lenders who are currently raising their interest rates. Barrett said Auswide had sold a record number of home loans between July and September 2015.
Source: Banking Day