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Industry Updates Mortgage Information Real Estate Agent Tools

How much are loyal borrowers missing out amid rate rises?

By Third PartyAugust 17, 2022

Source: Your Mortgage —

Homeowners who are not making any changes to their current home loans over the past few months could be missing out on potential savings.

According to the Lendi Loyalty Index, banks are charging new customers rates that are 86bps lower than rates charged to existing customers.

Meanwhile, the major banks are charging 91bps less for new borrowers.

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