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Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims urges home loan borrowers to check the market regularly for the best deal. Reuters/Jason Reed
Banks should regularly prompt borrowers with older loans to review their interest rates and think about switching lenders, the competition watchdog says.
Homeowners could save $34,000 over the life of a $500,000 home loan by switching lenders, Australia’s consumer watchdog says.
