Refinancing Loan News
Bank Move Stems Flow
Tuesday June 18, 1996
THE RECENT fall in home loan rates by the major banks is likely to slow the flow of new business to the mortgage managers and force many to review their rates to attract borrowers. With many of the mortgage originators already operating on slim margins, any rate reduction to widen the gap betweeBorrowers Winners As Banks Do Battle
Friday June 14, 1996
Fear of the new intruders into the market it has dominated for decades has forced the Commonwealth Bank (CBA), Australia's biggest lender, to start a home loan war which has slashed its profits. Two weeks ago it shocked the banking industry by cutting variable home loan rates back to 9.9 per ceRush To Buy As Rates Fall
Saturday June 8, 1996
ALMOST every home being put up for auction in Sydney is being sold immediately as agents report clearance rates of up to 95 per cent. Property is taking off with the drop in mortgage interest rates and taxes on refinancing. The Commonwealth Bank sparked the home lending war at the end of May w