Interest rates stay stable
After last month’s enjoyable interest rate cut, the Reserve Bank of Australia (RBA) decided to hold the cash rate steady at this month’s meeting as they wait to see the full effects of the last cut.
Last month’s interest rate cut from 2.75 per cent to 2.5 per cent was a welcome relief for many home owners, and in short and sweet news, interest rates remain steady this month at the historically low level.
There are some industry rumors already circulating that there will be one more cut before the end of the year but for now, the RBA is sitting tight while waiting to see the full effects of the recent cut on the market and economy.
Whether you want to review your current interest rate or find out what your new home finance options are, speak to the experts at Choice Home Loans - simply contact them at firstname.lastname@example.org or call 1300 2 CHOICE