**RBA CASH RATE ON HOLD AGAIN FOR AUGUST**

August 2018

 

At its meeting today, the Board decided to 

 

LEAVE THE cash RATE ON HOLD AT 1.5%

 

The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE

 

Today marks 2 years of record low interest rates, however over the past couple of months we have seen some lenders raise their variable interest rates, due to the cost of funding.

If your lender has notified you about the increase to your current mortgage payment, what a perfect time to drop me a line to check that your interest rate is still competitive in today’s market….What do you have to lose!

I’m always keen to help my clients reduce their overall monthly payment!