Following this week’s cash rate cut to 1.5 per cent, owner occupier home loan rates have continued to tumble, pushing many deals well below the four per cent mark.
And St George Banking Group economist Hans Kunnen is predicting there will be two more cash rate cuts to come — in November and May — which would pull the cash rate down to one per cent and home loan rates down even lower.



One of the nation’s mortgage broking firms, Australian Finance Group’s general manager of sales and operations Mark Hewitt, said if customers don’t have a rate in the threes they’re doing themselves a “disservice.”
“Without a doubt you should have a three in front of your rate or you should be considering your options — go to your lender or broker,’’ he said.
“There’s deals that are 3.6 or 3.7 per cent on variable and fixed rate deals for owner occupiers especially if the customers have a low loan to value ratio.”

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