As anticipated the Reserve Bank board maintained the official cash rate at 0.10% today.
Despite the economic handbrake from the latest round of COVID-19 lockdowns, some economists are speculating that the RBA has underestimated the strength of the economic recovery, leading to predictions that rates will start to increase towards the end of 2022.
RBA governor Phillip Lowe is scheduled to hold a Q&A session following today’s meeting which is expected to shed more light on the central bank’s thoughts on the direction of monetary policy.
Rates are at a record low and lenders continue to offer very competitive rates. We can answer your questions and look at your circumstances to make sure you’re prepared for what could be coming next. This could mean refinancing or approaching your lender for a better rate.
Who we are
Finance Mutual Australia is a market-leading South Australian mortgage broker. It is our promise to walk you through the process of finding a home loan and do all the leg work, comparing the vast number of lenders and products in the market to find the loan best suited to meet your financial requirements.
How we can help
It doesn’t matter if you’ve just started thinking about buying, have already found the perfect house and want to quickly sort out your finance, are looking to unlock the equity in your current property, or are wanting to find out if there’s a better borrowing option than the one you currently have – any time is a good time to explore your options.
We’re here to help if you have any questions or wish to review your circumstances. Please don’t hesitate to contact us.