Login
ISCOVER
RAMS Home Loans has moved quickly to pass on 0.9 per cent of the Reserve Bank’s October one per cent official cash rate cut.
Melos Sulicich, RAMS chief executive said today “as funding costs remain high and global funding markets remain unstable we have moved quickly to pass on the maximum amount we possibly could – almost the full cut.”
The RAMS reduction, which is 10 bps more thank the big banks’ 0.80 per cent, will bring the non-bank lender’s standard variable rate to 8.39 per cent, 14 basis points lower than any of the big four’s standard variable rates.
Published: 09-10-08
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Related Articles
Big banks pass on bulk of RBA rate cut 08-10-08
Today's other news
- Tiffen and Co and The Mortgage Detective merge
- Brokers’ market share up
- Housing finance hits seven year low
- Central banks move to contain worsening crisis
