No, I don't think I have. My original question generally referred to the fixed nature of US mortgages rather than the benchmark to which they are held. Seems like an awful lot of paper work to get a reduction in repayments, and something that carries significant risk if there is any possibility you are in negative equity. or is there another question you would like my views on? pneuma
Our cash management accounts track the cash rate as well, with a margin for the bank. The current RBA cash rate is 3.5%, and there are many on-line accounts with the same (or higher) interest rates. https://www.ingdirect.com.au/savings/interest_rates.htm#SavingsMaximiser http://www.rba.gov.au/statistics/cash-rate.html So in short - yes. pneuma