Rates can only go so low
Bendigo & Adelaide Bank CAO Mike Hirst said homeowners should be aware that interest rates can’t keep falling forever.
“Margins have to be made, home loan rates can't go to zero.”
Economists are tipping another RBA cut in March 2015, which would take official interest rates to 2 per cent.
Bendigo's home loan sales increased 3.2 per cent during the last half year.
Source: The Daily Telegraph