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Re: Home loan rates

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Feb 26 2009 1:50pm#1 (permalink)

Maybe Buyer

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I don't think banks will lower rates by much more. If the RBA cuts rates by say, 50 basis points, then the banks may pass on half of that. I think all lenders will say high funding costs are to blame and keep some of the rate cut themselves. If home loan rate can get down to 5% that would be fantastic though

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