Citi cuts its mortgage rate in Australia bigly
Citi is to cut principal and interest loan rate by nearly 240 basis points
- the lender had been one of the highest rates, so do keep that in mind
- says the cut will be no frills types of loans
The move also needs to be seen in context of a slowing housing markets and a battle for market share, so I am wary of placing too much emphasis on the news as being much more than that.