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
Since last month we have seen the majors, besides NAB, raise their interest rates.
I have been helping clients review their home loans, with the recent interest rate hikes. Surprisingly there is a difference between a mortgage taken out 4 years ago and what is being offered today.
I invite you to look at your current home loan statement, see what your home loan rate is, and send me an email to see if it is competitive.
If you are concerned about rising interest rates, then maybe a fixed rate, or partial fixed rate might be the answer.
Happy to discuss your options. I am here to help!
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Until next time…..
Pauline Sultana JP
Dip FS (FP), Dip FS (Fin/Mrtg Broking)