Archive for Home Loans

RBA Announcement – June 2015

The Reserve Bank of Australia has made the decision to leave the cash rate on hold at 2.0% for June 2015.

As predicted by the majority of leading economists, the Reserve Bank of Australia has made the decision to leave the cash rate on hold at 2.0% for June 2015.

This decision follows rate cuts in February and May this year which have lowered the cash rate to an all-time low for Australia.

The decision follows pressure on the Reserve Bank to help boost economic growth whilst also keeping house prices in Sydney and Melbourne under control.

With the cash rate at an all-time low, and interest rates also extremely low, now is the time to review your home loan to make sure you are using the most suitable financial solution for your personal circumstances.

Interest Rates cut again with a brand new record low!

After much speculation, the Reserve Bank have decided to cut the cash rate to a historic low of 2.5% in their August board meeting. This drop of 25 basis points is the first since the most recent cut in May, where the rate was taken to 2.75%, its lowest level in 53 years.

The financial year may be well and truly under way, but rates are still exceptionally low, so it’s not too late to check that you’ve got the right home loan for you. The RBA decision today may have taken the rate to unseen lows, but regardless of this, you might still be paying more than necessary. By finding a better deal, you could effectively be organising a rate cut of your own.

Maybe this is the perfect time for you to make an appointment with your finance broker to review your home loan!