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Price wars haven't convinced borrowers

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Australian Broker | 28 Mar 2011, 04:30 AM Agree 0
The high-profile mortgage price war between the major banks has yet to convince consumers, a survey has found
  • Peter | 28 Mar 2011, 12:47 PM Agree 0
    Lender competition based on rates hasn't really changed the landscape. If all the lenders are offering 0.8% discounts on their pro-packs, the pecking order rate wise doesn't change. It's also very easy to say one lender is 0.1% cheaper at the moment, but who's to say the roles won't be reversed in 6 months? People need a better reason than a small interest rate change to switch lenders.
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