House debates Questions without Notice

Interest Rates

Wednesday, 3 December 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Leader of the Opposition

2:22 pm

My question is to the Prime Minister. What does the Prime Minister say to working families who heeded his warnings of an inflation monster and locked in their mortgages at fixed rates well above the current variable home loan rates? Prime Minister, how can these working families shop around for lower interest rates when banks are charging them thousands of dollars to move from high fixed rates to lower variable rates?

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