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Banks' RBA break to drive broker business

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Australian Broker | 03 Feb 2012, 04:00 AM Agree 0
A wave of borrowers could be seeking out brokers should the banks choose to sit on their hands after any RBA rate cuts
  • John Robbo | 03 Feb 2012, 09:55 AM Agree 0
    Great in theory - but the reality is that the smaller lenders still tend to follow the banks. Usually if the bank passes on a reduced drop - the smaller lenders typically hide in their shadows & do the same as they do not have the same scrutiny as the banks. That being said - I avoid supporting the big 5 banks & would rather support the other lenders that need & seem to appreciate us brokers.
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