Interest Rates on Hold - 11 Months and Counting
The Reserve Bank of Australia (RBA) has decided to keep the cash rate at 2.50 per cent for the eleventh consecutive month. This is now the longest period of stable interest rates we have seen in decades.
Loan Market director Mark De Martino had this to say following the rate decision today:
“The interest rates of the past year have been great for consumers either looking to get into the property market or pay lower interest rates on their existing mortgages. One of the biggest pluses has been that these rates have kept inflation down, which is encouraging for the long-term outlook for interest rates,” he said.
So who knows whats in stall for the remainder of 2014. You have a great opportunity to refinance your home loan and reduce your interest costs with some great Fixed and Variable Rate Home Loan offers available from the lenders on my panel.
Make an enquiry today to find out how much you can save.