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RateCity's Reserve Bank Rate Alert, April 2012 board meeting

RateCity's Reserve Bank Rate Alert - April 2012 board meeting

Potential for RBA cash rate reduction – but will lenders pass cut on in full? No movements from lenders likely until after ANZ monthly review on April 13. Fixed mortgage rates creeping up. While most mortgage holders doing well, problems at the margin – late mortgage repayments at almost 15-year high: how to avoid missing a mortgage repayment.

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