Aussie cut Variable rate by 0.50%
October 26, 2008 · Filed Under Interest Rates
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Aussie Home Loans have announced today they are cutting the variable home loan rate by 0.50% to 7.59% for new customers from 29 October and for existing customers from 10 November 2008.
The decision by Aussie Home Loans puts the heat back on the big banks as it becomes increasingly evident that funding costs have reduced and the RBA is getting close to cutting interest rates again by 0.50%.
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