Mortgage wars ease pressure on RBA

By Mark Mulligan
Updated August 20 2014 - 1:18am, first published 12:18am
Intense competition for mortgages has helped ease the pressure on the RBA's official cash rate.
Intense competition for mortgages has helped ease the pressure on the RBA's official cash rate.

Intensifying competition among banks to sell cheaper mortgages to homeowners and buyers has taken pressure off the Reserve Bank of Australia to cut interest rates further amid concerns of sluggish domestic and world growth.

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