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!
Borrowers lose out on rate cuts
Did you find this helpful? Why not share this article?
RateCity
At RateCity, it’s not just our expert money writers and news journalists that are passionate about helping Aussies save money. Stories are also published by our experienced data analysts, property experts, and product marketing team using this byline.
Money Health Newsletter
Subscribe for news, tips and expert opinions to help you make smarter financial decisions
By submitting this form, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.