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Home Loan Interest Rates Cut!

Wed, 2008-08-06 12:03 — wes@ability

Many people have been asking when home loan interest rates in Australia will fall.

Today one of the lenders on the Ability Finance broker panel of lenders announced an interest rate cut to their fixed interest rate home loans and fixed interest rate investment home loans.

This announced interest rate cut is 0.30 percent off the previous fixed interest rates.

Economists are interpreting the release by the Reserve Bank Board yesterday as a positive indication that home loan interest rates are more likely to decrease in any future move than increase.

As always there can often be much more to choosing a competitive home loan than interest rates alone. Contact Ability Finance brokers on 02 800024035 who use the industry leading Active Client software system to help compare the real cost of a home loan after all fees and charges are factored into the interest rate.




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