Larry Williams Drive

I've reached the conclusion that when it comes to the banks and mortgage rates, the only option you've got left is to hustle. You're on your own here. It has been 2 days since the Reserve Bank cut the official cash rate, and by how much do you think the big banks have cut their fixed rates? No, not a jot. Not, not a single basis point. Absolutely nothing has come off their fixed rates. It's not particularly helpful from the banks cause, you know, we're trying to get the country out of recession and the point of cutting the OCR is that the mortgage rates come down and then when you refix, you've got more disposable cash and the more cash you have, the more you're gonna spend and the faster we're gonna get out of this recession. So thumbs up and thanks very much to the big banks for not helping. Obviously, it's smart business for them. They need to make as much money as they can. The prediction is they will eventually cut the OCR cut their mortgage rates, but it'll be next year. It won't be this side of Christm