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Podcast: The Mike Hosking Breakfast
Episode: Bruce Patten: Loan Market Mortgage Advisor on the call for banks to slash home loan rates in the wake of the OCR cut
Description: A mortgage advisor is joining the Finance Minister in urging banks to slash home loan rates. Ā Nicola Willis is asking them to pass on āas much as possibleā in the wake of the Reserve Bank cutting the Official Cash Rate to 2.25%.Ā She says the banks have a stake in the economy, and passing the cuts on will make a significant difference. Ā Loan Market Mortgage Advisor Bruce Patten told Mike Hosking the banks are holding onto some really good margins at the moment.Ā He says heād like to see them pass them on be...