The RBA has pushed the panic button
as the cash rate falls to 2.75 per cent. Mortgage holders will naturally be very keen to see how much of the 25 basis point cut is passed on, particularly as the 4 big banks collect approximately $5.5 million for each day
they hold out. And so far, it has to be said that the banks have been very quick off the mark.
The table below shows which banks have passed on the interest rate cut, by how much, when the cuts will take effect and links to details of the various packages.
You can view more detailed info at: Compare popular home loans
Home loan interest rates: updated 13/05/2013 (2:00 PM).
* The comparison rate indicated is the rate published by the specific financial institution. For more details on how this rate is calculated please refer to the specific financial institution. ** Non Members. The views in this article are those of the author Matthew King and are not necessarily those of Telstra BigPond.