No doubt most people have now heard that the Reserve Bank of Australia has slashed the official cash rate to one of the lowest in history.
The move was tipped to save Australian home owners thousands in reduced interest payments, but it appears banking greed may be stalling the process.
Consumer outrage is building as new figures reveal today that over half of Australia’s home loan lenders are yet to pass on the full interest rate cuts to their customers… and some lenders wont pass it in full at all!
It’s predicted that the big four banks will generate over $21 million dollars from the delay, prompting many home owners to start shopping around for a better deal.
How smart consumers are beating the banks at their own game and saving thousands on their mortgage NOW.
Home owners are saving up to $950/month simply by switching to a lower interest rate. Switching is fast and easy, and will often save $50,000 or more over the life of your loan.