Commonwealth Bank has responded to the RBA's cash rate decision by announcing a reduction to our variable rate home loans by 0.25% p.a for new and existing customers. We have examined the important role we play in supporting the Australian economy and the unique set of circumstances facing the country. CommBank will increase all variable home loan rates by 15 basis points from October 4, while ANZ will hit all borrowers with a 16 basis point increase from September 27. The change means a customer with a $400,000 loan from CommBank will pay an extra $37 a month, or $447 a year. On October 4, the Commonwealth Bank will increase all variable rates on its home loans by 15 basis points (0.15 percent per annum). RateCity said the extra repayments on a $400,000 home loan from the ANZ rate rise would be $40 a month, while Commonwealth customers would pay $37 a month more on the same size of mortgage.

These changes affect customers with variable rate principal and interest owner- 

1 Oct 2019 RBA interest rate decision: Reserve Bank cuts rate to record low of 0.75% with increased labour demand being met by more supply and public sector the Commonwealth Bank responded to the rate cut by announcing it  2 Jul 2019 Two of Australia's biggest lenders, Commonwealth Bank of Australia and CBA said it was withholding the full rate cut while increasing the  24 Jan 2020 The table below shows the changes to ANZ Bank's variable rates: rates currently being offered by Westpac and CBA are at 3.18% and 3.22% 

CBA's rate rise would raise repayments on a loan of this size by $47 a month to $2798. Commonwealth Bank chief Matt Comyn has conceded customers might be cynical about the latest spate of interest rate increases from three of the four major banks, but he maintained the hikes were justified by higher funding costs.

6 Sep 2018 ANZ and the Commonwealth Bank have followed Westpac by increasing variable home loan rates, both citing an increase in "funding costs". 1 Oct 2019 RBA interest rate decision: Reserve Bank cuts rate to record low of 0.75% with increased labour demand being met by more supply and public sector the Commonwealth Bank responded to the rate cut by announcing it  2 Jul 2019 Two of Australia's biggest lenders, Commonwealth Bank of Australia and CBA said it was withholding the full rate cut while increasing the  24 Jan 2020 The table below shows the changes to ANZ Bank's variable rates: rates currently being offered by Westpac and CBA are at 3.18% and 3.22%  Interest Rate Decisions about the cash rate. A media release is issued at 2.30 pm after each Reserve Bank Board meeting, with any Cash rate increased. The unemployment rate increased in January 2020 to 5.3 per cent said the RBA Commonwealth Bank and NAB have likewise announced some new low-rate 

3 Mar 2020 Commonwealth Bank rates announcement. Changes to variable home loan interest rates. Following the Reserve Bank of Australia's (RBA) 

11 Jun 2019 Banks quicker to raise rates. Of course in That is the case for CBA — it will be the last major bank to pass on financial relief to its customers. 6 Sep 2018 Commonwealth Bank of Australia has today announced it will increase its variable home loan rates, following a sustained increase in funding 

The Commonwealth Bank today revealed both owner occupier and investors would be stung when taking out fixed rate deals with rate increases across 1, 2, 3, 4 and 5

17 Feb 2020 The Commonwealth Bank of Australia (CBA) has reduced fixed rates The rate changes are effective for new applications submitted from 14  CBA - Standard Variable Home Loan (without the wealth package). • NAB – Tailored Home Loan Variable Rate. • Westpac – Rocket Repay Home Loan. 6 Sep 2018 CommBank will increase all variable home loan rates by 15 basis points from October 4, while ANZ will hit all borrowers with a 16 basis point 

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