What rate are you paying on your Variable Home Loan?

[AnyDream]

Hi all,

Just wondering what rate other ppl are paying on their variable home loans.

Mine's 6.74%...hmmm doesn't seem to have come down quite as much as it should. It's more than we were paying when the loan started even though the RBA's rates are at a 30 year low...

[saslia]

Currently ours is 6.41% will be going down to 5.41% after the rate last week.

[Jaycee]

Ours is now 6.91 and will be 5.91 soon due to last week's rate cut.
I think maybe the reason you are paying a higher rate than when the loan was first set up is because your bank hasn't passed on the full rate cut each time?
Hope that helps

[Danni]

Ours is currently 6.34% and as of the 16th February, it will drop to 5.34%

[Nicambhar]

ours is 6.04% and will drop to 5.04% when they finally adjust the rate .

[AnyDream]

Ok, rang the bank, they are dragging their heels (making a profit like usual) and the rate will change by a full 1% on the 13th. There was a rate change last week - but that was before the RBA's announcement (ie prolly the bank dragging their heels making a huge profit on the previous rate cut).

[Yael]

Ours is 5.43% and we have to wait until the 19th to see how much of the rate cut will be passed on.