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Interest Rate Update May 2016

SVR changesFollowing Tuesday’s announcement of a drop to the official cash rate, there’s been lots of lenders announcing changes to their standard variable rates (SVR).

NAB, CBA, Westpac, St George Bank and ING Direct have all announced they will reduce their SVR by 25 basis points, whilst ANZ will pass on 0.19 per cent reduction to its variable rate loans.

If you want to make the most of the lower rates to get ahead on your home loan, please give us a call.

 

 

 

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