Monday, January 30, 2012

Don't bank on mortgage rate cuts

Even if the RBA cuts interest rates this year as expected, banks won't follow suit with mortgages because the composition of their funding costs has changed dramatically. 27 Jan 2012 7:05 AM

Source: http://www.businessspectator.com.au/bs.nsf/Article/Interest-rates-deposits-RBA-house-prices-Mike-Hirs-pd20120127-QVQZQ?opendocument&src=rss

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