ANZ keeps home mortgage rates unaltered after October review

| Oct 9,2014

| 1 min read

ANZ today announced variable interest rates for its home loans will remain unchanged after its October 2014 interest rate review.

ANZ’s standard variable home loan rate remains at 5.88% per annum (5.98% per annum comparison rate).

The bank is the current Home Lender of the Year, as awarded by Money magazine, for the 13th time in 16 years.

Money magazine editor Effie Zahos said options such as 100% offset, the ability to redraw and lower discharge and package fees helped ANZ stand out.

Money magazine’s Home Lender of the Year award assesses 1,800 home loans from over 100 lenders.

The award is based on a comparison of the cost of a home loan (including interest rate and fees), and over 200 features of variable, fixed and line of credit home loans.

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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<h2> ANZ keeps home mortgage rates unaltered after October review</h2>

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<div><span style="font-size: small;"><span>ANZ today announced variable interest rates for its home loans will remain unchanged after its October 2014 interest rate review.</span></span></div>
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<div><span style="font-size: small;"><span>ANZ’s standard variable home loan rate remains at 5.88% per annum (5.98% per annum comparison rate).</span></span></div>
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<span style="line-height: 1.3em; font-size: small;">The bank is the current </span><span style="line-height: 1.3em;">Home Lender of the Year, as </span>awarded <span style="line-height: 1.3em;">by <em>Money </em></span><span style="line-height: 1.3em;">magazine, for the 13</span><span style="line-height: 1.3em;">th </span><span style="line-height: 1.3em;">time in 16 years.</span>
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<em><span style="line-height: 1.3em;">Money </span></em><span style="line-height: 1.3em;">magazine editor Effie Zahos said </span><span style="line-height: 1.3em;">options such as 100% offset, the ability to redraw and lower discharge and package fees helped ANZ stand out.</span>
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<p><em>Money </em><span>magazine’s Home Lender of the Year award assesses 1,800 home loans from over 100 lenders. </span></p>
<p><span>The award is based on a comparison of the cost of a home loan (including interest rate and fees), and over 200 features of variable, fixed and line of credit home loans. </span></p>
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This article is republished from
<a href="https://www.urban.com.au">Urban.com.au</a> under a Creative Commons
license. Read the <a href="https://www.urban.com.au/expert-insights/finance/36627-anz-keeps-home-mortgage-rates-unaltered-after-october-review">original article</a>.</p>