At its meeting today, the Board decided to
LEAVE THE CASH RATE ON HOLD AT 1.75%
The Governor of the RBA, Glenn Steven’s statement is available in full CLICK HERE
With such a week of uncertainty in our political direction and stability it seems understandable that the Reserve Bank have decided that rates should remain on hold this month.
However with the start of a new financial year and the recent reduction in rates passed on by the majority of Lenders since May’s cash rate drop it is definitely a good time to assess whether your current mortgage rate is still competitive.
We have been able to help clients make significant savings in their monthly repayments, and we encourage you to have your mortgage reviewed to see what savings we may be able to find for you.
Until next time…..