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Australia's rate cut spurs mortgage refinancing surge, especially in Western Australia.
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.
Data from PEXA shows refinancing deals increased notably in February and March, with Western Australia seeing the biggest rise of 29%.
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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La reducción de las tasas de Australia estimula el aumento de la refinanciación hipotecaria, especialmente en Australia Occidental.