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?
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?
By how much will the standard one-year fixed-term rate decrease?
By how much will the standard one-year fixed-term rate decrease?
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?
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What is the largest cut to ANZ’s term deposit rates?
What is the largest cut to ANZ’s term deposit rates?
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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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Description
This quiz covers the recent changes in ANZ's mortgage rates, including reductions in fixed home loan interest rates and adjustments to term deposit rates. Understand how these changes impact borrowers and savers alike with key rate details provided in the content.
