Some lenders have NOT cut their rates
Almost half of Australia's mortgage lenders have not yet announced changes to their home loan interest rates in response to the RBA's 0.25 per cent cut to the official cash rate for May.
A week after the RBA's rate cut announcement, less than 30 lenders have passed on the cut in full. Twelve lenders have kept some of the cut for themselves.
If you are unhappy with your lender’s response to recent rate cuts, maybe it’s time to look around at what alternatives there are in the market. Check out home loans on InfoChoice.com.au
Source: Banking Day