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flag Australia's rate cut spurs mortgage refinancing surge, especially in Western Australia.

flag The Reserve Bank of Australia's first interest rate cut in four years has spurred more home loan borrowers to switch banks, as mortgage competition heats up. flag Data from PEXA shows refinancing deals increased notably in February and March, with Western Australia seeing the biggest rise of 29%. flag As interest rates fall, banks are cutting mortgage rates to attract customers, signaling a growing competitive landscape in the financial services sector.

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