
Mortgage News
Rates fall, but its not the turning point
Thursday 5th of July 2007
Right now borrowers are suffering from three recent increases in the Official Cash Rate, which now sits at 8%, plus increasing wholesale rates, which are up between 80-100 basis points since the start of the year.
As noted before floating rates are now beyond the 10% mark, and it is the first time they have been in this territory since 1998.
With this sort of background any falls, no matte...
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