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The fall of the floating rate

Friday, February 19th 2010, 11:06AM

The latest major changes to home loan interest rates this month has been the cuts to floating rates.  The only banks to make these changes are our minor banks to which three of the five cut floating rates from 14 to 40 basis points.

The above graph shows the past 18-months of floating rates for our minor banks.

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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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