MPA Lender Update 23/05/2015

Bank of Queensland's fixed and variable rates down | Reduction in all CUA fixed rate home loans

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES

• Bank of Queensland announces a 17bps reduction in the Clear Path Home Loan, providing a limited time variable rate of 4.45%. Another change was a 30bps reduction on its three-year fixed rate, down to 3.99% with a 1.14% discount on the Standard Variable Rate when the loan rolls over at expiry

 

• CUA's three-year and five-year fixed rates have both been cut by 34bps. to 4.25% and 4.55% respectively. All other fixed rate home loans have been dropped by 20bps.

PRODUCT

• NAB Broker withdraws 10-year fixed rate loan

POLICY

• No changes today

COMMISSIONS

• No changes today

+ today's Market Watch: Market Watch: Low interest rates should stay says REIA