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

Major cuts fixed rate to new low

Notify me of new replies via email
Australian Broker | 23 Jul 2014, 07:32 AM Agree 0
A major bank has cut its fixed rate to what it claims is its lowest ever
  • Richard | 23 Jul 2014, 02:54 PM Agree 0
    They are probably trying to win back the financial planning customers who have been shafted from dodgy advice.
  • Ed Ridge | 24 Jul 2014, 10:37 AM Agree 0
    Richard you are probably right but the only problem is those people have lost their homes so don't have a mortgage and no hope of getting one now!!
  • Dean | 24 Jul 2014, 11:15 AM Agree 0
    How does the whole "cost of funds" argument stack up now. They've all been sitting on big fat margins until a competitor moved then (strangely enough) the others can make the decision and match it within a matter of hours.
  • Broker | 24 Jul 2014, 11:16 AM Agree 0
    And please do remember that no collusion or price fixing exists within the 4 pillars, they call this competition!
Post a reply