Australia’s leading mortgage broker today announced it would pass on the full 0.25 per cent rate cut to new and existing customers with Aussie Home Loans products*.
The Aussie Select variable rate changes will be effective from 27 June 2019, with Aussie IQ, Aussie Optimizer and historical Aussie products rate changes effective from 21 June 2019.
David Smith, Chief Customer Officer at Aussie, said the decision was an easy one.
“We’re happy we can put 0.25 per cent back into our customers’ pockets, especially at a time of low wages growth. And with experts predicting further cuts by the RBA this year, rates could drop lower still.
“Savvy home owners should use these cuts and historically low interest rates to their advantage and get ahead on their mortgage repayments. By keeping repayments at pre-cut levels, the higher repayments will help home owners reduce the amount of interest paid over the life of their loan and pay it off sooner,” said Smith.
Aussie Home Loans are available exclusively through Aussie Mortgage Brokers. To find out more visit www.aussie.com.au to book a free appointment, or call 13 13 33.
*Aussie Activate interest rates are currently under review.