Business Briefing: rate tracker mortgages
- Written by Jenni Henderson, Editor, Business and Economy, The Conversation
Mortgage tracker rates follow the cash rate.www.shutterstock.comIn the ongoing debate about the transparency of Australia’s big banks, the idea of rate tracker mortgages has been gaining traction. This is a mortgage that is tied to the cash rate set by the central bank (in Australia, the Reserve Bank of Australia), with an additional fixed...