Mortgage News February 26, 2020
Citibank, Homeloans and Macquarie Bank Rate Movements

This week we’ve seen a few rate changes by Citibank, Homeloans and Macquarie Bank. Citibank reduced their four and five year fixed rates by 31 basis points effective Monday, 27th October. Homeloans Ltd on the other hand reduced their Ultra and MoniPower variable rates by up to 10 basis points and, at the same time, increased their Ultra variable (for home loans with greater than 80 percent LVR) and Ultra Lo Doc rates by up to 10 basis points. Macquarie Bank reduced their one, two, three and five year fixed rates by 10 basis points, and reduced their two year fixed rates by 5 basis points.


These rate changes apply to specific LVR and loan amounts so please refer to the Lender News in iLend™ for further details.

Lender

Product

Initial Rate

+/-

Citibank

4 Year Fixed

4.98%

-0.31%

Citibank

5 Year Fixed

4.98%

-0.31%

Homeloans Ltd

Homeloans Ultra 80

4.89%
Discount: 0.1% if Loan Amount > $499,999

-0.10%

Homeloans Ltd

Homeloans Ultra Plus 80

4.74%
Discount: 0.1% if Loan Amount > $499,999

-0.10%

Homeloans Ltd

Homeloans Ultra Plus LOC 80

4.84% 
Discount: 0.1% if Loan Amount > $499,999

-0.10%

Homeloans Ltd

Homeloans Ultra Plus

4.99%
Discount: 0.1% if Loan Amount > $499,999

0.05%

Homeloans Ltd

Homeloans Ultra Plus LOC

5.09%
Discount: 0.1% if Loan Amount > $499,999

0.05%

Homeloans Ltd

Homeloans Ultra Lo Doc

5.64%
5.89% if LVR > 60%
Discount: 0.1% if Loan Amount > $499,999

0.10%

Homeloans Ltd

Homeloans Ultra Plus Lo Doc

5.49%
5.74% if LVR > 60%
Discount: 0.1% if Loan Amount > $499,999

0.10%

Macquarie Bank

1 Year Fixed

4.69%

-0.10%

Macquarie Bank

3 Year Fixed

4.89%

-0.10%

Macquarie Bank

4 Year Fixed

5.19%

-0.10%

Macquarie Bank

5 Year Fixed

5.29%

-0.10%

Macquarie Bank

Basic Flyer Home Loan 1 Year Fixed

4.74%

-0.10%

Macquarie Bank

Basic Flyer Home Loan 3 Year Fixed

4.94%

-0.10%

Macquarie Bank

Basic Flyer Home Loan 4 Year Fixed

5.24%

-0.10%

Macquarie Bank

Basic Flyer Home Loan 5 Year Fixed

5.34%

-0.10%

Macquarie Bank

Line of Credit Flyer Home Loan Package 1 Year Fixed

4.74%

-0.10%

Macquarie Bank

Line of Credit Flyer Home Loan Package 3 Year Fixed

4.94%

-0.10%

Macquarie Bank

Line of Credit Flyer Home Loan Package 4 Year Fixed

5.24%

-0.10%

Macquarie Bank

Line of Credit Flyer Home Loan Package 5 Year Fixed

5.34%

-0.10%

Macquarie Bank

Line of Credit Home Loan Package 1 Year Fixed

4.69%

-0.10%

Macquarie Bank

Line of Credit Home Loan Package 3 Year Fixed

4.89%

-0.10%

Macquarie Bank

Line of Credit Home Loan Package 4 Year Fixed

5.19%

-0.10%

Macquarie Bank

Line of Credit Home Loan Package 5 Year Fixed

5.29%

-0.10%

Macquarie Bank

Offset Flyer Home Loan Package 1 Year Fixed

4.74%

-0.10%

Macquarie Bank

Offset Flyer Home Loan Package 3 Year Fixed

4.94%

-0.10%

Macquarie Bank

Offset Flyer Home Loan Package 4 Year Fixed

5.24%

-0.10%

Macquarie Bank

Offset Flyer Home Loan Package 5 Year Fixed

5.34%

-0.10%

Macquarie Bank

Offset Home Loan Package 1 Year Fixed

4.69%

-0.10%

Macquarie Bank

Offset Home Loan Package 3 Year Fixed

4.89%

-0.10%

Macquarie Bank

Offset Home Loan Package 4 Year Fixed

5.19%

-0.10%

Macquarie Bank

Offset Home Loan Package 5 Year Fixed

5.29%

-0.10%

Macquarie Bank

SMSF 1 Year Fixed

5.50%

-0.10%

Macquarie Bank

SMSF 3 Year Fixed

5.70%

-0.10%

Macquarie Bank

SMSF 4 Year Fixed

6%

-0.10%

Macquarie Bank

SMSF 5 Year Fixed

6.10%

-0.10%

Macquarie Bank

2 Year Fixed

4.79%

-0.05%

Macquarie Bank

Basic Flyer Home Loan 2 Year Fixed

4.84%

-0.05%

Macquarie Bank

Line of Credit Flyer Home Loan Package 2 Year Fixed

4.84%

-0.05%

Macquarie Bank

Line of Credit Home Loan Package 2 Year Fixed

4.79%

-0.05%

Macquarie Bank

Offset Flyer Home Loan Package 2 Year Fixed

4.84%

-0.05%

Macquarie Bank

Offset Home Loan Package 2 Year Fixed

4.79%

-0.05%

Macquarie Bank

SMSF 2 Year Fixed

5.60%

-0.05%

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