At its meeting today, the Board decided to
LEAVE THE cash RATE ON HOLD AT 0.10%
The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE
Australia’s cash rate is at its lowest level in history. Does that mean the time is right to make the most of the lower cash rate environment and refinance your mortgage?
If you took your loan out a while ago, it is worth shopping around and checking in with your lender to see if you can get a bigger discount, or possibly split your loan since the fixed rates are even lower than the variable rate. If not, refinancing your mortgage can be beneficial in several ways.
Why not drop me a line to see if your current mortgage rate is competitive and let me go to your lender for a better rate. Alternatively let me show you some great rates that are available.
Until next time, please stay safe and well.