Mortgage News

Home loan rates falling, even with rises

Tuesday 28th of July 2009

One of the benefits of the massive official cash rate cuts over the past year and a bit is likely to start flowing through to borrowers soon.

That is that effective mortgage rate borrowers pay will start to fall as they refinance their existing home loans.

The effective mortgage rate is a measure used by the Reserve Bank to determine overall interest rates. The calculation adds up...

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