Podcast
Questions and Answers
What is the largest reduction in mortgage rates by ANZ as mentioned?
What is the largest reduction in mortgage rates by ANZ as mentioned?
- 26 basis points on six-month terms (correct)
- 10 basis points on two- and three-year terms
- 20 basis points on one-year terms
- 25 basis points on 210-day terms
What will the special one-year fixed rate drop to after the rate cut?
What will the special one-year fixed rate drop to after the rate cut?
- 6.24%
- 5.79% (correct)
- 6.59%
- 6.39%
By how much will the standard one-year fixed-term rate decrease?
By how much will the standard one-year fixed-term rate decrease?
- 15 basis points
- 10 basis points
- 25 basis points
- 20 basis points (correct)
What is the new rate for ANZ's six-month special fixed rate after the cut?
What is the new rate for ANZ's six-month special fixed rate after the cut?
What is the largest cut to ANZ’s term deposit rates?
What is the largest cut to ANZ’s term deposit rates?
Flashcards
ANZ mortgage rate cut
ANZ mortgage rate cut
ANZ is decreasing some fixed home loan interest rates.
Six-month fixed rate
Six-month fixed rate
Rate for 6-month home loans; special rate is now 6.24% and standard rate is 6.84%.
One-year fixed rate
One-year fixed rate
Rate for a 1-year home loan; standard rate down to 6.39% and special rate is 5.79%.
Longer-term rates
Longer-term rates
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Term deposit cut
Term deposit cut
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Study Notes
ANZ Mortgage Rate Cuts
- ANZ is reducing most fixed home loan interest rates.
- Six-month fixed rates drop 26 basis points (bps) for both special and standard rates.
- Standard one-year fixed rate decreases by 20 bps, from 6.59% to 6.39%.
- Special one-year fixed rate drops by 20 bps to 5.79%.
- Two- and three-year special and standard fixed rates decrease by 10 bps.
- Term deposit rates are also adjusted.
- The largest term deposit rate cut is 25 bps for 210-day terms, to a rate of 5%.
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