January 2001 News | RefinancingLoan.com.au

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Refinancing Loan News

Rates Fall As Banks Vie To Lock In Customers

Wednesday January 31, 2001

Banks have made an aggressive pitch to ``lock in" customers by slashing fixed home loan interest rates ahead of an expected rate cut by the Reserve Bank next week. But consumer groups warned borrowers to take care before fixing interest repayments. Westpac and ANZ joined the other major banks when they dropped fixed rates yesterday.