Bank Pass on December Interest Rate Cut… But When?

December 11, 2011 ANZ, BankWest, Commonwealth Bank, Home Loans, ING Direct, NAB, variable interest rate, Westpac by Administrator

We all know the news that all banks and smaller lenders have passed on the full 0.25% rate cut. The question is, when will they pass it on? As mentioned in an earlier post lenders are quick to pass on interest rate increases but slow to pass on interest rate decreases. Below is a table comparing
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Home Loan Interest Rate Specials

November 14, 2011 ANZ, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, Low Doc Loans, NAB by Administrator

Since the last interest rate cut, home loan interest rates have come down. Fixed interest rates are also falling and for the first time in 2 years we see a 2 year fixed rate fall below 6%. Below are some of the better interest rates from various lenders around Australia that include ANZ, NAB, Westpac,
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Home Loan Interest Rates – Banks Slow to Pass On Cut

November 10, 2011 ANZ, BankWest, Commonwealth Bank, ING Direct, Interest Rates, Mortgage Broker, NAB, variable interest rate, Westpac by Administrator

Having been in the mortgage industry for just over 6 years I have seen home loan interest rates rise and fall. One of the most common observations is that banks are slower to pass on a rate cut compared to when interest rates rise. The table below shows that there is a 24 day difference between banks
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Category: BankWest

Bank Pass on December Interest Rate Cut… But When?

Home Loan Interest Rate Specials

Home Loan Interest Rates – Banks Slow to Pass On Cut