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Major slashes fixed rates as competition heats up

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Australian Broker | 20 Jan 2014, 05:09 AM Agree 0
A major bank has slashed its four-year fixed home loan rate to its lowest level in 20 years as the battle for market share rages on.
  • M C C | 20 Jan 2014, 10:04 AM Agree 0
    Dion, You know your NAB fixed rates are not the lowest in the market! Secondly it is a response to softer economic growth conditions, centred particularly around an aging population & limited available jobs caused by a 6 year plus high A$. Underemployment is double digit but no one wants to discuss that little issue, preferring to dwell on the unemployment rate, which has past its use by date & is no longer an acceptable measure!!!
  • Papery | 20 Jan 2014, 12:42 PM Agree 0
    While IR cuts are always welcomed, I wouldnt call these latest changes 'slashing'. More like 'tweaking'.
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