The latest news on interest rates is a view to a possible rate reduction by the end of this year.  That's right, one of the major lenders is factoring a Reserve Bank move to cut the official cash rate by 0.25% in December 2011.  There is building consensus amongst analysts and economists that the Australian economy is starting to show rapid slowing down across most sectors, and there is a growing view that the RBA will need to cut the cash rate to ensure the Australian economy doesn't grind to a sudden halt.  There are also views that we may even see further rate cuts in 2012 of up to 1%.  This is welcome news to many home owners who have mortgages!