ME Bank takes three year fixed rate lower
Jonathan ChancellorAugust 26, 2014
ME Bank today dropped its three year fixed standard home loan interest rate by 0.10% to 4.59% per annum.
The comparison rate sits at 5.18% per annum.
"It’s the lowest three-year fixed standard home loan rate the bank has offered since it became a bank in 2001," the ME Bank CEO, Jamie McPhee said.
“We’re either at or very close to the bottom of the current interest rate cycle," he said adding his forecast that the next Reserve Bank rate change is likely to be an increase of 25 basis points in the first half of 2015.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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