Borrowers warned: watch out for new lending tactics after RBA keeps cash rate at 3.50%

8th of August 2012 | by RateCity Staff

Reserve Bank keeps the official cash rate at 3.50% . Variable borrowers will have extra $103 per month* in pockets for a $300,000 home loan after 2 rate cuts. Borrowers watch out: lenders tempting borrowers to absorb their savings instead of accelerating repayments.

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