The OCR is not a factor anymore in banks 5 years rates is it ?
So the proposed reduction over this year from 2.0 to 3.0 wont do anthing ?
As banks have reached a margin level that no reductions will be passed on, and on the other side of the coin the cost of the banks sourcing funds internationally is at an ever increasing premium.
Fair assumption ?
Note: I have my home loan expiring Jan 2010 and its just at that annoying time frame that its a little too far away to easily break and incur the fee, but its risky enough that by Dec 2009 rates could be anywhere ??????????
So the proposed reduction over this year from 2.0 to 3.0 wont do anthing ?
As banks have reached a margin level that no reductions will be passed on, and on the other side of the coin the cost of the banks sourcing funds internationally is at an ever increasing premium.
Fair assumption ?
Note: I have my home loan expiring Jan 2010 and its just at that annoying time frame that its a little too far away to easily break and incur the fee, but its risky enough that by Dec 2009 rates could be anywhere ??????????
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