When the RBA meets next week they will have to weigh up the positive and negatives of another interest rate cut. With unemployment increasing, recent bushfires and the global impact of coronavirus this will be an intriguing meeting.
Some lenders have already started to move rates down with ANZ offering 2.68%pa on a 2 year fixed loan. Search Mortgages best current rates can be found here.
Please find below a list of turnaround times from many of the leading lenders that we use at Search Mortgages.
|Bank SA||2-3 days||ANZ||3-4 days|
|NAB||15-20 days||CBA||3-4 days|
|Westpac||10-13 days||Choicelend||3-4 days|
|Adelaide Bank||3-4 days||Suncorp||5-7 days|
|Bankwest||3-4 days||Beyond Bank||2-3 days|
|Homestart||3-4 days||ING||2-3 days|