Home Loan Interest Rates Cut!

Wed, 2008-08-06 12:03 — Guest

Many people have been asking when home loan interest rates in Australia will fall.
Today one of the lenders on a 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.