Thousands of mortgage holders are set to receive interest rate relief after Australia’s largest mortgage holder cut its rates.
Thousands of Australians are set to receive mortgage relief after Australia's largest home loan lender announced cuts to its rates.
The decision marks the first time one of the big four banks has cut its variable rate mortgages since April. “While it’s unclear just how far fixed rates will fall at this stage, it’s highly likely they’ve still got a way to go,” Ms Tindall said. A CommBank spokesperson said the decision to cut rates had been made after a review of interest rates and market conditions.
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