Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

85% of Australians don't know their home loan rate

Notify me of new replies via email
Australian Broker | 08 Feb 2017, 08:16 AM Agree 0
New research has shown a surprisingly large proportion of Australian mortgage holders can't say exactly what their rate is
  • Patrick | 08 Feb 2017, 08:33 AM Agree 0
    And the banks know this. Most borrowers would find that the rate they are paying has drifted up from the published rates available for new borrowers. Is this another overcharging scandal? Will the behaviour of these oligopolists ever be responsible, accountable and ethical?
  • Dave Robinson | 08 Feb 2017, 08:57 AM Agree 0
    This is NOT news let alone breaking!
  • Stephen Dinte | 08 Feb 2017, 11:09 AM Agree 0
    A lot of people don't remember important things like the date of their wedding anniversary, kids birthdays etc..
    Given these are far more important than the interest rate on a mortgage, why is this surprising?
    Totally agree with Dave. This is NOT news, nor news worthy.
Post a reply