Commonwealth Bank Sets The Standard

7/10/08

Commonwealth Bank set the standard early today passing on .8 percent of the recent 1 percent interest rate reduction. As much as we would like to have recieved the full 1 percent, this will make a big difference to the hip pocket.

What it means is that for your average $350,000 loan you can expect your monthly repayment to reduce by approximately $200 per Month. Good news for all home owners.