Download Ross Greenwood’s interview with John Symond on 2GB on 13/10/09 where they discuss the fallout following the Reserve Bank’s lifting of official interest rates by 0.25 per cent last week. John tells 2GB’s Ross Greenwood that it has been a wake-up call for many home owners, who are now acting to ensure they are on the correct loan.
Listen to the Interview (MP3)
“Certainly the phones have been running hot, our call centre has been receiving thousands of calls from people who are now looking at their mortgages – which is a good thing – (and they) are making sure … that they are on the right loan,” Mr Symond said.
Mr Symond said that as a nation we have to get used to the fact that banks may increase variable interest rates by more than the rises announced by the RBA.
“We have to realise we are in the 21st century and money is a commodity and if you try to buy gold or copper or equities, you will have to pay that day’s price,” he said.