Brooke Cooper

Brisbane

Financial Journalist at The Motley Fool (Australia)

Finance journalist at https://t.co/noMlz2Wpyp

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Articles

What’s on offer for refinancers & buyers

1 week ago | yourmortgage.com.au | Brooke Cooper

The RBA cut the cash rate by 25 basis points on 20 May and so far no lender has refused to pass the savings onto customers. While CommBank, NAB, and ANZ slashed variable rate home loan products this week, smaller lenders have also responded, offering variable rates as low as 5.34% p.a.See also: When will Westpac pass the RBA rate cut onto home loan holders? So, what can homebuyers, refinancers, and investors expect when perusing the market?
When will NAB drop home loan rates following RBA cut?

2 weeks ago | yourmortgage.com.au | Brooke Cooper

The bank will reduce its variable home loan rates by 25 basis points following the RBA's decision to lower the cash rate to 3.85% at its May meeting. This adjustment aligns with NAB's longstanding policy of implementing rate changes 10 days after the RBA's announcement – a practice upheld since 2017, regardless of whether rates are increasing or decreasing.
RBA delivers second rate cut, cash rate 3.85%

2 weeks ago | yourmortgage.com.au | Brooke Cooper

The Reserve Bank of Australia (RBA) has delivered its second rate cut of the cycle, slashing the cash rate by 25 basis points to 3.85%, as was largely expected. The move is expected to bring fresh relief to mortgage holders and hopeful buyers alike. Borrowing power could also be boosted for those looking for their first mortgage, considering a home upgrade, or investing.
RBA to cut tomorrow, but don’t expect a flood of relief: Experts

3 weeks ago | yourmortgage.com.au | Brooke Cooper

The central bank's monetary policy board entered its May meeting on Monday morning, with its decision – largely expected to be a 25 basis point cut – to be announced at 2:30pm AEST Tuesday. That would bring the cash rate to 3.85% – down from the 4.35% peak held between November 2023 and February 2025. Some forecasters, including those at NAB, are predicting the RBA to go even further, cutting by 50 basis points on Tuesday to 3.60%.
One less rate cut? ANZ changes RBA forecast for 2025

3 weeks ago | yourmortgage.com.au | Brooke Cooper

Home loan holders might realise one less cut in 2025 than previously predicted, according to ANZ's latest outlook. ANZ bins forecast for July rate cutThe smallest of the big four banks previously anticipated the Reserve Bank of Australia (RBA) would cut the cash rate by 25 basis points in May, July, and August. That would have seen it end the year at 3.35% - a full percentage point lower than it closed 2024.
More rate cuts coming? The lenders moving before the RBA

3 weeks ago | yourmortgage.com.au | Brooke Cooper

Economists and market watchers broadly expect the Reserve Bank of Australia to cut the cash rate by 25 basis points on Tuesday, bringing it to 3.85%. Some, however, are tipping a cut as large as 50 basis points, and questions remain over whether this second cut in the current cycle will be fully passed on to borrowers. The anticipation held steady despite what one might argue was a vaguely disappointing data flow this week.
ANZ slashes fixed mortgage rates ahead of RBA decision

1 month ago | yourmortgage.com.au | Brooke Cooper

That sees ANZ advertising some of the lowest rate fixed products out there, though it's still bested by the likes of Macquarie Bank and Bank of Queensland (BoQ). This marks the third time ANZ has cut home loan rates in 2025 – following reductions after the RBA’s February decision and again in March – and the second time it's taken the top off its one year fixed rates. The lowest rate offered to fixing their rate for one year with the bank now stands at 5.49% p.a. (6.84% p.a. comparison rate*).
CommBank cuts lowest variable home loan rate to 5.84%

1 month ago | yourmortgage.com.au | Brooke Cooper

The product's lowest rate was cut by six basis points this week, dropping from 5.90% p.a. to 5.84% p.a. (comparison rate 5.97% p.a.) for borrowers with loan-to-value ratios (LVRs) of 60% or less. CommBank's Digi Home Loan is available only to those applying directly via CommBank's website, with both purchasers and borrowers refinancing new-to-bank loans eligible.
Gamechanger? AMP launches 10-year interest-only home loan

1 month ago | yourmortgage.com.au | Brooke Cooper

Unconventional financing solutions appear to be growing in popularity among homebuyers and investors, but the likes of AMP's new 10-year interest-only mortgage won't be for everyone. The long-term interest-only option launched on Monday and is particularly marketed to retirees and pre-retirees looking to maximise cashflow.
4.99% home loan rate? Here’s who’s offering it now

1 month ago | yourmortgage.com.au | Brooke Cooper

If you're in the market for a competitive fixed-rate mortgage, take note: Police Bank is now offering fixed rates as low as 4.99% p.a. – with some slashed by more than a full percentage point on Friday. That's well below Macquarie Bank's 5.19% p.a. two- and three-year fixed rate, which was the lowest in our database just last week. The mutual bank, which aims to support Australian police officers, is open to everyone, not just current or former police members.