Over the past 8 years, since the GFC, the banks have passed on 65% of rate cuts to home loans and kept 35% of the difference for themselves. Whether the retained amount was due to profiteering or covering costs, we can not say.
We have streetonomic look at the net interest margin made on mortgages in Australia
Read MoreThe Australian Cash Rate is at an all time low! Is now the time to fix your home loan?
The Finance Guy takes a streetonomic look at Australian mortgage rates, and provides some insight into whether or not now is the right time to fix!
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