Interest rates fuel refinancing boom
A record number of Australian consumers are refinancing their home loans to take advantage of the current interest rates.
Housing finance figures from the Australian Bureau of Statistics revealed borrowers refinanced $1.5 billion in June – a whopping jump from a year ago.
Mortgages taken to buy a block of land climbed while loans to build new homes fell.
Aussie consumers are refinancing at a record rate.
The benefits of a cheaper debt are long-lasting why wouldn’t you want to jump onboard now and make the most of the rates available to you today. Contact me for a chat to see how I can help you with your finances, there’s no time to waste and with the festive season fast upon us refinancing today will leave a few extra dollars to spend on you and your family just in time for Christmas.