I can tell you now that the variable loans that CBA are writing now for owner occupiers are the same or lower now than 20 months ago. I know because our latest loan was literally signed 19 months ago.
I have a file full of information on loans available at that time. ING for example is now 1.5% lower than at that time.
You can disregard this or take it on board.
Personally I am surprised this is the case.
I fixed a portion of my loan because I was convinced rates would be increasing by now. This has actually turned out, so far, to be a bad call. Albeit by only 0.5%pa, so no biggie.
So now you are changing the argument to that banks may have reduced rates outside the RBA 's movements....
Is this Ducky in disguise as an Eagle? haha
Local rates have not fundamentally increased half a dozen times in the last 20 months as per your post's intent. Period.
So despite all the sensationalism, for an owner occupier securing a loan today, their rate will be less than 20 months ago.
Will that be the case in another 20 months.... probably not.
