While Melbourne Cup Day often brings a surprise, the Reserve Bank’s decision on the official cash rate earlier yesterday contained no surprises, with confirmation the rate will remain at 0.10%
In line with previous commentary, the RBA has confirmed the view that it won’t be rushing into a rate hike, making it abundantly clear it wants to see that inflation is sustainably within the 2-3% target range.
The RBA’s stance on rate hikes continues to confirm it remains committed to maintaining highly supportive monetary conditions to achieve a return to full employment with wages growth of around 3% or more.
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. Because we do this type of work every day, we have a pretty good idea what lenders can do to win or keep your business. We’re here to help if you have any questions or wish to review your circumstances. Please don’t hesitate to give us a call.
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.
(08) 8216 4111
mail@financemutual.com.au
Further readings
Adelaide’s Top 20 Fastest-Selling Suburbs in 2021
Australian Housing Market Anticipated to Increase 17% in 2021