CBA, NAB and Westpac cut interest rates on some of their fixed-rate home loans this week, including slashing their five-year fixed rates to 4.99 per cent.
In a surprise turnaround, the race’s worst stock is now top of the pops.
If you're paying more than 5 per cent, whether fixed or variable, at a bank then you're being ripped off.
Home buyers are urged to shop around to ensure they're getting the best possible deal.
As the US sharemarket hits its straps, local shares are not proving nearly so buoyant.
So, the Reserve Bank has done the numbers and killed the Great Australian Dream: owning your home is no more lucrative than a lifetime of renting. Somehow, I doubt that will be the end of the matter - and nor should it be.