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Bank rates

Jan 29 2009 12:12pm#1 (permalink)

Optimistic Empty Nester

Anonymous Visitor
Avatar for Optimistic Empty Nester		I think the banks should pass on the full savings to customers, my son and his wife struggled by their first home because of high interest rates but now they are falling they are finding the mortgage repayments easier.
Jan 29 2009 12:48pm#2 (permalink)

Rach

Anonymous Visitor
Avatar for Rach		It would be nice is bank rates came down again as I have a variable rate mortgage. but I would also like to see credit card rates come down a bit too as they are very high at the moment
Jan 29 2009 2:00pm#3 (permalink)

len

Anonymous Visitor
Avatar for len		I understand that banks are a buisness and need to make money but if the RBA cuts rates then banks should cut their rates too, same as they put them up when the RBA raises rates.
Jan 29 2009 3:18pm#4 (permalink)

First home buyer

Anonymous Visitor
Avatar for First home buyer		I am happy the banks have lowered rates but feel a bit cheated they didn't pass on the full Reserve Bank cuts.. however, they have come down enough to make me decide to buy my first home so I am happy
Jan 30 2009 10:46am#5 (permalink)

HJA

Anonymous Visitor
Avatar for HJA		I want to see how much the banks cut rates next week? The reserve bank is supposed to cut rates by up to 1 per cent but that doesn't mean the banks will cut rates... maybe they will but only by say 0.8%

I work as a mortgage broker and a lot of my clients are waiting to see if home loan rates will come down again before taking out a mortgage. Either way, home loan rates are coming down and that is a good thing for people looking to purchase property, and I have been very busy recently with first homebuyers.

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