News

The cuts are coming

Friday 17th of October 2008
Home loan rates will no doubt be the focus of much news in the next week. Expectations are that the Reserve Bank will, on Thursday, slash the official cash rate (OCR), with some predicting a cut of up to 100 basis points (1%).

Whatever happens, home loan rates will fall.

I have been thinking that the sorts of cuts we are seeing in mortgage rates will be a trigger for a pi...
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