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Mortgage Victims

Mortgage Victims

Homeowners prove the biggest losers

Jacob Greber, George Liondis, and John Kehoe      UPDATED: 03 May 2012

Home owners look set to miss out on about a third of this week’s larger-than expected central bank rate cut after National Australia Bank dropped its variable mortgage rate by 0.32 of a percentage point and Australia and New Zealand Banking Group blamed higher funding costs for hurting earnings.

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