RBA reduces interest rates again in December
Last month we saw a 25 base point reduction in rates and this month we get another early Christmas gift of 25 base points.
Last month all major lenders passed on the full cut, apart fromNAB/Homeside only passing on 20 points.
NAB/Homeside hadundercut the banks for the past year and a half and when ratesjumped up and banks passed on higher then RBA increases, theNAB/Homeside didn’t pass on as much as other lenders.
Essentially they’re just clawing back that position and still remain very competitively priced.
Most lenders take between 2 to 10 days to pass on the rate cuts, if you’re unsure and wanting to check if or when the rate cut is being passed onto your variable loan please feel free to call or email me Wilson Financial.
Wilson Financial Free Call 1300 780 826
Email: liz@wilsonfinancial.com.au
