Karl Stefanovic speaks out on Today Show over annoying thing Australian banks do with interest rates

Karl Stefanovic has lashed out at Australian banks for hitting their mortgage holders with massive interest rates rises at the same time as giving new customers a ‘sweet deal’. 

The Today Show star spoke out on Friday morning as lenders face an 11.3 per cent shrink in new borrowers.

The TV star said he was ‘irritated’ over the bad deal existing buyers with a mortgage get when compared with new customers, who have been getting larger discounts on their rates.

Canstar's finance commentator Effie Zahos (pictured, left on the Today Show on Friday) said mortgage holders can negotiate and get a better deal if they 'can be bothered'

Canstar’s finance…

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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