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View story 3 0 RBA rate cuts may fail to ease mortgage pain | The Australian http://www.theaustralian.news.com.au/story/0,,24031524-25658... Submitted by FireApple 4 months, 6 days, 17 hours ago IT was a simpler world in December 2001, when home owners were last able to celebrate a fall in their variable mortgage rates after a 25 basis point cut in official rates. Six and a half years later, official and unofficial rates are no longer moving in lockstep, raising the unpleasant prospect of delayed mortgage relief even if the Reserve Bank starts to reverse the cycle of 12 consecutive rate increases. Tags: RBA,mortgage comment (1) | Category: Property | Add FireApple as a source Comments Votes (my sources) Votes (Everyone) « go back

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