I locked 3 years at 4.95% with St George over a year ago. Why would anyone bother with ANZ at that rate?
5 year fixed rate under 5.00%
- Thread starter Marty McDonald
- Start date
I locked 3 years at 4.95% with St George over a year ago. Why would anyone bother with ANZ at that rate?
According to Suncorp website they have a special promotion on 3 year loans called 'Back to Basics Wow Factor'. Rate is 4.65% for first three years. These can be interest only for the first five years of the loan. $600 establishment fee and no ongoing fees. Offering redraw but not offset as far as I could see.
This offer is open until 30th September.
I am not a Suncorp customer but will enjoy watching the banks cut each others throats for new business over the coming months, as I'm looking to change PPOR this year.
This offer is open until 30th September.
I am not a Suncorp customer but will enjoy watching the banks cut each others throats for new business over the coming months, as I'm looking to change PPOR this year.
1. It's a intro/ honeymoon rate...after the 3rd year the rate jacks up to 5.29%.
2. No offset account ( Def not good if it's a PPOR)
3. It's a Variable rate not fix FYI
There's plenty of cheap "intro and honeymoon" rates out there but it's probably one of the worst product to get for a PPOR loan.
seeing that STG funding source is the same Licence as its parent, Id expect STG to not be far behind.
Generally speaking, id expect most funders to have access to similar money really soon
ta
rolf
Tenhcially they should and can follow Westpac as similar funding lines...but i would say they dont need too...as their model is completely diff and they dont need to complete for super super low rates, as they have a hold on the high LVR market/ NO LMI market and also "local branding" which gives them a competitive edge as well ie Bank of melbourne, St george, Bank SA etc...
ME 4.94 for 5
And it will continue..............
ta
rolf
And it will continue..............
ta
rolf
that's nearly a 1% off for St George's 5 yr fixed
are we anticipating a war for 3 yr fixed under 4.5% anytime soon?
are we anticipating a war for 3 yr fixed under 4.5% anytime soon?
there is no war where the funds to onlend become lower cost.
Id say sub 4.5 for 3 is likley in the next 90 days ..................
ta
rolf
After reading posts here I thought I'd renegotiate my loan with ANZ. They took it to their pricing team and got back to me today....
....drum roll....
They've offered me a fantastic 0.02% off my variable from 5.08% down to 5.06%
So that's about $1 saving a week. Now my only problem is what to do with the savings.
....drum roll....
They've offered me a fantastic 0.02% off my variable from 5.08% down to 5.06%
So that's about $1 saving a week. Now my only problem is what to do with the savings.
After reading posts here I thought I'd renegotiate my loan with ANZ. They took it to their pricing team and got back to me today....
....drum roll....
They've offered me a fantastic 0.02% off my variable from 5.08% down to 5.06%
So that's about $1 saving a week. Now my only problem is what to do with the savings.
Heh!
What is the loan amount, LVR?
Getting a lot of pricing through right now sub 4.9% with ease, I'm guessing you might have a deal within LMI territory/low loan amount?
20% deposit! 350k loan - new purchase
I was shocked!
I suspect that it was because I was negotiating rate after having signed the mortgage documents. Maybe I'll get a better rate when I threaten to leave in a few months
Note - that this is on the breakfree package. Not sure if that makes a difference
Ouch 4.9% as a max!
PM me your details if you like, happy to put a request through. That's a joke!
Not sure how good this guy is with his predictions but it makes for interesting reading
http://knowledgesource.com.au/what-do-the-banks-know-that-we-dont/#fromemail
If he's right, interest rates will drop further. Increases are unlikely as it will bring the Aus dollar up and this is not what the RBA wants.
Perhaps someone with a better understanding of macroeconomics can tell me if what he's saying is on the money?
http://knowledgesource.com.au/what-do-the-banks-know-that-we-dont/#fromemail
If he's right, interest rates will drop further. Increases are unlikely as it will bring the Aus dollar up and this is not what the RBA wants.
Perhaps someone with a better understanding of macroeconomics can tell me if what he's saying is on the money?
