Interest Rates…on the rise?
The Reserve Bank has continued to keep the cash rate steady again in November, giving borrowers the opportunity to save on their current mortgage costs, however some lenders have started raise their fixed rate offers for three and five year fixed terms. Whilst the official lender explanation is always along the lines of balancing their loan book portfolio, one has to wonder if this is an indication of rates starting to go up again. Time will tell.
As always, enjoy life, work hard, play safe and remember that we are always here to help you
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