Feb 2012 Reserve Bank Meeting - Interest Rates

So are they going up or down?

Will the banks pass on any cuts? Sure as hell theyll pass on an increase.

Banks often say the cost of overseas lending impacts whether they can pass on the full reductions. My question is, if our banks have the best credit ratings and banks in the USA have 2.5% home loan rates, shouldnt our banks be sourcing their funds even cheaper?

Performance Training Centre Perth
http://www.ptcperth.com.au

I think they'll drop. But I've been wrong before.

Cheers

Jamie

Pass Go Home Loans Pty Ltd - Australia wide Mortgage Broker
www.passgo.com.au | info@passgo.com.au | p. 1300 656 299 | PO Box 286 Woden, Canberra ACT 2606
Expand your due diligence – "like" Pass Go on FACEBOOK and get up-to-date IP info www.facebook.com/PassGo

Same, but I think only a part of the cut will be passed on.

Performance Training Centre Perth
http://www.ptcperth.com.au

I think you're right.

Not long until we find out :)

Cheers

Jamie

Pass Go Home Loans Pty Ltd - Australia wide Mortgage Broker
www.passgo.com.au | info@passgo.com.au | p. 1300 656 299 | PO Box 286 Woden, Canberra ACT 2606
Expand your due diligence – "like" Pass Go on FACEBOOK and get up-to-date IP info www.facebook.com/PassGo

UNCHANGED

WOW

Performance Training Centre Perth
http://www.ptcperth.com.au

http://www.rba.gov.au/media-releases/2012/mr-12-02.html

Yep that sucks :(

Michael Chan ----- Finance (Mortgage/Commercial) Broker----
Michael@Shapehomeloans.com.au | 1300 SH LOAN | 1300 74 5626 | Fax: 02 8212 8909|
Same Bank. Better Rates. Served With A Passion.