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Borrowers lose out on rate cuts

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HSBC
NAB
Commonwealth Bank
ANZ
Westpac
Macquarie Bank

RBA cash rate dropped by 175 basis points while average standard variable rate fell by 133 basis points. RateCity found borrowers with a $300K mortgage would save extra $80/month if lenders followed cash rate. Wakeup call to borrowers: don’t take your home loan for granted!

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