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Nov 25

Home Loan Rates Beginning With 2 Is The New Norm

By Editorial Team | Home Loans , News

There are 6 lenders with variable Home Loan Rates with a 2 at the beginning, according to a report from RateCity.

They are expecting 6 to climb to 20 at the next RBA (Reserve Bank of Australia) cut if banks pass on at least 0.20 % to borrowers.

Sally Tindall, the RateCity research director have stated that the owner-occupier rates beginning with a ‘2’ could become the new norm if the central bank made 2 more cuts to the cash rate.

“With 2 more rate cuts on the cards, we could see the lowest variable rate drop below 2.60, maybe even below 2.50%.”

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