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Graph shows mortgage rates won...

Graph shows mortgage rates won’t get cheaper despite rate cuts

Don’t expect the banks to pass on the Reserve Bank’s rate cuts in full, and don’t assume your mortgage won’t become more expensive outside any official rate movements. That’s the lesson to be learned from a “fascinating” graph that compares how the big four banks have manipulated variable rates against the official interest rate over the last three years.

Don’t expect the banks to pass on the Reserve Bank’s rate cuts in full, and don’t assume your mortgage won’t become more expensive outside any official rate movements. That’s the lesson to be learned from a “fascinating” graph that compares how the big four banks have manipulated variable rates against the official interest rate over the last three years.…

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