The RBA has delivered an early Christmas present to Australian mortgage holders today, by cutting it’s interest rate by .25% for the second month in a row. The central bank cut its cash rate 25 basis points to 4.25 per cent, marking the first back-to-back monthly cuts since April 2009. If passed along in full [...]
Mortgage borrowers in Australia have breathed a sigh of relief, after the Reserve Bank of Australia reduced the cash rate by 0.25% when they met at the beginning of the month.
With various lenders announcing subsequent rate cuts, not all lenders have passed on the full 0.25% reduction. We are also yet to hear from some [...]
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