Turnaround times reach 5-year low: AFG
A bigger “Big 4” market share and faster loan turnaround times were key highlights in AFG’s latest Mortgage Index (Q3 2023).
Source: theadviser.com.au
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June home loan snapshot: Bendigo, Citi and Macquarie lower variable rates
Australian mortgage lenders are continuing to chop and change home loan rates at a steady pace, with some lenders passing on considerable variable rate cuts of late.
Source: mozo.com.au
Mutual bank begins operating under new name
Credit Union Australia has begun trading under the new name of Great Southern Bank and has rolled out new products and pricing structures.
Source: theadviser.com.au
Citi lowers variable and fixed rates
The non-major bank has lowered its variable interest rates by up to 15 basis points and decreased its one-year and two-year fixed rates by 0.10 per cent.
Source: mortgagebusiness.com.au