Current Australian Mortgage Rates

7th April 2009 - RBA cuts Interest rates by 0.25%

The RBA has again cut interest rates by another 0.25% on the 7th April 2009.

This brings the official Interest rate down to 3%

BUT... the banks are not all reducing their Mortgage Interest rates this time

CBA is cutting its rate by 0.10% down to 5.64%
NAB is NOT cutting its rate and staying at 5.74%
Westpac is cutting its rate by 0.10% down to 5.81%
ANZ is cutting its rate by 0.1% down to 5.81%

The smaller banks and Building Societies ?

Bendigo Bank is NOT cutting its rate
Adelaide Bank is NOT cutting its rate

I have read that the following will give the full 0.25% reduction, which would mean...
Heritage Building Society down from 5.55% to 5.3%

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