New Year interest rate news
Well the New Year interest rate news is actually no news at all and that’s great news for mortgage holders across Australia with interest rates still steady at 2.5% for the sixth consecutive month.
Whether you’re on a fixed or variable interest rate, or you’re just dipping your toes in the home ownership pool and following interest rate activity before your take the property plunge, an interest rate hold at 2.5% is good news all round.
In fact, the February announcement by the Reserve Bank of Australia (RBA) marks six consecutive months of record low interest rates!
Chatter is beginning to emerge from industry economists about interest rates rising towards the end of the year, so those in the market for a new home should consider their options now, while those with variable interest rate agreements should review their commitments to ensure financial comfort.
If you’d like to find out your options, prepare for variable rate interest changes or refinance for a better deal, speak to the experts at Choice Home Loans - simply contact them at email@example.com or call 1300 2 CHOICE