IF YOU want to know how much the sub-prime credit crisis is costing you, it is now a simple calculation. Ignoring the more difficult to estimate "indirect" costs such as a plunging superannuation balance or rapidly slowing economy, the answer depends on the size of your mortgage.
According to figures produced by Reserve Bank assistant governor Philip Lowe, banks are now charging an average of 55 basis points extra above the RBA-set cash rate.

Full story: news.com.au