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Home Loan Interest Rates

1.05 Percent Home Loan Interest Rate Cuts

Submitted by admin on Mon, 10/20/2008 - 08:33
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In early October 2008 the Reserve Bank of Australia moved to lower the official cash interest rate by 1 percent.

Following this announcement most, but not all, banks and lenders announced they would reduce their standard variable home loan interest rates by 0.80 percent.

Over the past few days several banks have announced a further cut to their standard variable home loan interest rates of another 0.25 percent.Read more

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