Rates Left on Hold
The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.
This approach was predicted by many financial commentators as the Reserve Bank continues to assess the impact of lower than expected CPI numbers, continued signs the housing market is cooling in Sydney and Melbourne and moves by the major banks and other lenders to increase their interest rates.
Even though the cash rate has remained unchanged, lenders are making daily changes to lending rates so it's still wise for us to talk if we haven't spoken in a while to ensure you're still in the right finance solution.
Get in touch today to make sure you are taking advantage of daily changes in the increasingly competitive mortgage market by calling us on 1300 861 143.