The RBA has decided to leave the official cash rate unchanged at 1.5%.
With speculation mounting that a date for the federal election is close to being announced and that tonight’s federal budget will bring with it tax cuts, the Reserve Bank has again left rates on hold.
Supporting the case are strong employment figures and continued low global interest rates, offsetting continued concerns around falls in housing prices.
With lenders continuing to review rates independently of the RBA, it is important to review your lending options regularly to ensure they remain the most suitable for your situation.
Using a mortgage broker gives you real choice, we have access to different rates that may be available from our wide panel of lenders and can help to negotiate a better outcome for you.
Feel free to contact us at any time to chat about your options