What are the big bank’s variable home loan rates?
All four big banks have now cut their variable mortgage rates in response to the Reserve bank’s interest rate cut for May.
National Australia Bank and Commonwealth Bank both cut their headline variable rate by 0.25 percentage points to 5.35 per cent. ANZ Bank cut their variable rate by 0.19 percentage points to 5.37 per cent. Westpac cut rates by 0.25 percentage points to 5.43 per cent.