lets see what happens by dec 08....might have .75% drop or 4 x .25% drops ie one a month...what that brings the real rates back to .09 which is still way too high...rba figure is 7.25 so we pay almost 1.75 above that,,,,,, the banks say they will not pass it on..........but anz said that on tues and then 1 hour later dropped the fixed rate ??? others saying everyone is out of fixed so it was of no consequence
we need someone to start the ball rolling to offer realistic interest rates about 7.5% fixed........then watch the party into cheap resi market......the banks dropping rates... oh does anyone think the banks can continue with the excuse of expensive borrowings overseas after whopping profits.............not me, and will the banks not offer loans anymore ???? get real....that is their main market cheers
