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this post was submitted on 30 Jun 2023
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Moving to: m/AskMbin!
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founded 1 year ago
In Australia but we are just over 7% on our variable rate. Think 2 years ago it was down at like 3.something%.
Our reserve bank keeps upping the cash rate to "combat inflation" but all that is doing is making those of us with home loans give the banks more of our earnings while we already couldn't afford to splash out.