Mortgage wars - will you refinance?

Jonathan ChancellorAugust 12, 2013

The National Australia Bank has offered home owners $1000 if they switch mortgages from rival banks amid renewed aggressive competition between the banks.

NAB announced the cash offer as part of its “spring” assault on the home loan market.

The "More Give Mortgages" move follows the Reserve Bank of Australia cutting the official interest rates to a record low 2.5% last week.

{module Will a $1000 cash incentive, plus a suspension of the $700 application fee, make you more inclined to seek out refinancing while interest rates are at record lows?}

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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