Weekly rates update 16 October 2019
Futures markets have priced in a 43% chance of another rate cut as soon as Melbourne Cup Day.
No big bank has passed on, in full, the last three RBA rate cuts but they have passed on the full RBA October rate cut to their savings account customers.
The most competitive variable home loan rates for owner occupiers are now around 2.7%. For investors the lowest variable loan rates are approaching 3.0 %. The best savings account rates are 2.5% now.
Harmoney and NRMA have some great personal loan deals right now and Latitude Low rate Mastercard has cut their purchase interest rate to under 10 %.
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