Steady On February Interest Rate Meeting

Everyone was predicting it, all mortgage holders were hoping for it and at February’s Reserve Bank of Australia (RBA) meeting, it happened – interest rates remained steady.

The RBA’s decision to leave rates on hold is by no way a surprise.  All market commentary has been pointing to some improved conditions and more importantly consumer confidence has shown a healthy improvement.

Even without a rate cut this month, rates are pretty much at their lowest in a very long time and there are a lot of great new homes coming to the market, which makes this a really great time to launch into home ownership.

That’s not the end of the good news if you believe all the speculation – there’s widespread industry chatter that there will be another interest rate cut, if not two more, in the next few months with inflation tipped to not improve as much as it should.

Whether you are looking to refinance and secure a better interest rate and lending arrangement or you want to take advantage of the current low interest rates and buy your first home, finding out your options is the best place to start and we can help you with all your options at Choice Home Loans.

Contact us today at Choice Home Loans, or call 1300 2 CHOICE

Do lower interest rates affect your decision to buy sooner rather than later?

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