At its meeting today, the Board decided to
LEAVE THE CASH RATE ON HOLD AT 0.75%
The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE
With interest rates at an all-time low, and lenders offering rates in the high 2%, (for owner occupied loans) this is a great time to check your home loan statement and see what your current interest rate is. Even though interest rates have dropped, I urge you to see if your home loan is still competitive. Some lenders are even offering cash back offers to refinance with them.
This also applies to investment loans. They aren’t as sharp as the owner-occupied loan, but there are some great rates available.
So why not drop me a line and tell me what your current interest rate is!