Reacting to RBI's 25-bps cut in repo rate, Bankbazaar.com's CEO Adhil Shetty told the Economic Times the rate cut would bring home loan rates below 8% again, with the lowest rates currently ranging from 8.10 to 8.35%. "Homeowners paying...substantially higher rate (50 bps or higher above prevalent rates) are advised to refinance their loans to avail lower rates," he added.