Search results

My understanding is that the break costs are priced off the yield curve. In that case, the break cost will already be factoring in the potential interest rate cut. So to my understanding, it shouldn't make that much of a difference (unless the IR movements are different to the market...

The Official Cash Rate, in theory, changes at the conclusion of the RBA Board meeting. In practice, it changes when announced at 2.30pm (since the market then knows about it). Home loan rates are set by the retail banks (NAB, CBA, WBC, ANZ, etc). These change as and when the individual...