Discount on Owners occupier loan reduced ??

http://www.mortgagebusiness.com.au/breaking-news/8792-owner-occupier-rate-hikes-on-the-cards

Our office has already felt this hit first hand....For the last 10-12 weeks We were able to negotiate with CBA 4.10% ( 1.35%) discount on loans over $900,000 for PPOR ...today's deal comes back with max 4.15%. unless it's a higher loan amount ...Same goes for ANZ, NAB and to a lesser degree Westpac etc...

For the smaller deals, it was easy to obtain 1.25% ( 4.20%) with CBA for loans around 400-500k PPOR...now it's more 4.24% unless loan is well over the 500k mark etc..


However we are seeing the smaller banks like Bankwest and st George starting to offer some very attractive PPOR rates....

So i guess it must be a Big 4 thing...Brokers care to comment???

I suggest if your looking a cheaper PPOR deal or more importantly cash out/equity...lock it in fast before.

1. Discount are reduced
2. Interest only is harder to obtain
3. Limited cash out