CBA cuts home loan rates in bid to boost demand

Commonwealth Bank has cut interest rates on its fixed rate loans for home owners and investors as demand for home loans slows.

The cuts apply to principal and interest loans and are "packaged" rates; where those applying for the loans have other products with the bank and apply to those taking out a new fixed-rate loan, not existing mortgages. “After a year and a half of subdued growth in home loans, the banks are hungry to bolster their books through competitive pricing," said Sally Tindall, research director at comparison site RateCity.

CommBank This is a fake-ade. Price is not the issue.

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Your daily coffee could be one reason why you can't get a loanThe scrutiny on borrowing is the toughest it's been, with banks and credit unions putting the daily spending habits of potential customers under the microscope. First it was avocados, now coffee...well I dont drink coffee so guess im off to the hook... Ridiculous, after they robbed thier customers blind, they are still calling the shots. Do some research, there are other, smaller landers out there... Now, they don’t want us to have coffee. Soon, it’ll be water and electricity. And then... clothes...
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