Hi, I just read this.
What does it mean? e.g. on CBA's website the variable rate is 4.87% with wealth package, soon to be 4.62% after RBA cut. How do they get the 3.54% rate? Is it a negotiation thing? But if its negotiation it's all random based on how much the bank is willing to drop for the individual. Unless they somehow know the absolute lowest rate someone is paying, but that's not a realistic scenario for others and they wouldn't write it in the article.
The "extra home loan" is the lowest advertised variable rate at 3.79%. Minus 0.25% = 3.54%