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Home loan rates in Qld drops to 13.4% ,the lowest in Australia
Does anyone remember when rates were 17% ,
This is an article I found proving it.
Home loan rates in Qld drops to 13.4% ,the lowest in Australia
Does anyone remember when rates were 17% ,
This is an article I found proving it.
Does anyone remember when rates were 17% ,
I have a few old bank statements from the 1990's ,different world back then when it came to money lending,but i know a few people that split upHome loan rates in Qld drops to 13.4% ,the lowest in Australia
Does anyone remember when rates were 17% ,
This is an article I found proving it.
Sorry I'm just a newbie but isnt the point in raising rates to mainly stop people spending? Back when rates were up around the 17% mark (way before I was born) I understand loans were only (as in my parents case) 2 or 3x the average wage. Now that they are up around 6x the average wage surely if rates hit the 10% mark it will have the same affect as back when they were at 17%????
Just seems a simple answer to me