Family poorer for investment focus Not so easy street: Kate and Philip. Photo: Sahlan Hayes It's not a complaint often heard but Philip Haynes believes interest rates have dropped too far. Mr Haynes and his wife Kate owe less than $100,000 on the Artarmon home they bought eight years ago and share with their four children, Semele, 10, Aurelia, 8, and 18-month-old twins Zoe and Freja. The small mortgage has allowed the couple to focus on putting money into long-term investments, which will be affected by the drop in interest rates. "Our mortgage is not a significant part of our expenses so an interest rate cut will not end up saving us a lot of money but it will affect our investments," he said. I would actually prefer to see interest rates stay a bit higher, which would help our investments. Mr Haynes, an IT consultant, and his wife have been investing money in cash, stocks and precious metals for the past five years. The Reserve Bank cut interest rates by 25 basis points to a historic low of 2.75 per cent on Tuesday, following calls from industry groups for a lower cash rate. The NAB, Westpac and Commonwealth Bank passed on the full rate cut on Tuesday. ANZ is yet to make an announcement.