Home loan borrowers are keeping their rate cuts

A big majority of mortgage customers have not reduced their loan repayments since 2011 despite RBA rate cuts.

A spokesman for CommBank said 65 to 70 per cent of its variable-rate customers "have not reduced their repayments" since 2011.

A borrower with a $300,000 mortgage who did not lower their repayments in response to the RBA cuts will clear their loan five years ahead of time and save more than $80,000 in interest.

Reserve Bank data suggests homeowners are about $160 billion ahead on their mortgages.

Source: Adelaide Now