Great news today where the RBA has announced another cut to the Australian cash rate. The Reserve Bank board has announced a cut of 5.25 per cent, effective 5 November 2008. The full media release is available at the finance broker Australia website.
History to October 30 2008 Following this announcement most, but not all lenders, dropped their variable interest rates by 0.80 percent. A little later in October one competing bank dropped their rates by another 0.25 percent making them the lowest variable rate. BUT another competing lender only had to drop their standard variable home loan… Continue reading Home Loan Interest Rate
Home Loan Interest Rate History The average bank variable interest home loan interest rate rate over the past 59 years in Australia is 8.87 percent. (source Reserve Bank of Australia standard variable interest rate home loans, Jan 1959 to Feb 2008) The same standard variable home loan interest rate was above 9 percent from July… Continue reading Australian Home Loan Interest Rate History
PLEASE READ We ARE NOT Allsurity personal loans Please don’t waste time calling a finance broker about your existing Allsurity loan. http://www.allsurity.com.au/ is their website url which also has their phone number listed