ıNarasikita14 September 2026 · 2 jam laluBanks lower variable rates to compete for customers - The Business
Competition in the mortgage market is heating up as banks compete for fewer customers by cutting home loan rates, even as the Reserve Bank threatens to raise the cash rate. MST Financial banking analyst Brian Johnson said "we saw CBA actually cut. We saw the other banks basically follow. But then if we go into the last week of July, Macquarie came out and cut again." Loan Market mortgage broker Julian Choo said "dozens of banks have dropped their variable rates in the last month." He said lenders usually did not proactively promote better interest-rate deals to existing customers. The bi
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