CBA, NAB and Westpac slash interest on home loans to lowest in history after Reserve Bank cut – NEWS.com.au

Three of Australias major banks have slashed the interest on fixed home loans, with some lending products now attracting a rate of less than 2 per cent.Commonwealth Bank, Westpac and NAB have taken a knife to lending rates following the Reserve Bank’s decision on Tuesday to cut the cash rate to 10 basis points to better support the Australian economy out of the COVID-19-induced recession.
In a statement on Wednesday morning, CBA said its owner-occupier four-year fixed rate would be reduced by 100…

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