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Mortgage tracker rates follow the cash rate. www.shutterstock.com

Business Briefing: rate tracker mortgages

Business Briefing: rate tracker mortgages. The Conversation16.3 MB (download)
Rate tracker mortgages could provide some certainty for customers and increase trust in the banking sector.
Commonwealth Bank chief Ian Narev was the first to appear before a parliamentary committee inquiring into the practices of the big four banks. Lukas Coch/AAP

Banks make millions in delaying interest rate cuts

When the cash rate increases, lending rates shoot up like rockets, but when the opposite occurs they go down like feathers.

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