About Us > Media Centre > Media Releases/ASX Announcements > Media releases 2001 > Media releases January 2001 > National drops fixed rate home loans - 9 January
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National drops fixed rate home loans - 9 January 2001
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The National Australia Bank has announced a reduction in fixed interest rate home loans, effective from Monday 15 January 2001.
The new rates are as follows:
| 1 year |
6.99% |
(previously 7.1%) |
| 2 year |
6.99% |
(previously 7.35%) |
| 3 year |
6.89% |
(previously 7.15%) |
| 4 year |
7.29% |
(previously 7.6%) |
| 5 year |
7.19% |
(previously 7.6%) |
| 10 year |
7.89% |
(previously 8.09) |
Mr Ken Hodgson, the National's General Manager, Retail Financial Services, said the decision to lower fixed rate home loans followed a recent downward move in wholesale market rates.
"Our three year fixed rate loan represents outstanding value for home buyers and it's a term for which we have seen consistent demand," Mr Hodgson said.
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