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1.Market Observations, 8.Was Sticky

25 Sept 2019 (AFR) – CBA slashes fixed rates as home loan war heats up

(25 September 2019, AFR, p12, Duncan Hughes, Reporter)

‘The Commonwealth Bank, the nation’s biggest lender, slashed its fixed rates by up to 90 basis points across its mortgage range as the battle for market share among the major banks intensifies. Other banks, including Westpac – the second-largest lender, are easing borrowing requirements and increasing cash incentives for super-prime borrowers in expectation that competition for borrowers will continue to intensify.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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