RBA Rate Announcement

This month’s historic cash rate cut by the Reserve Bank of Australia should encourage borrowers to review their current loans.

Banks and other lenders would be competitive in attracting new customers in the wake of the RBA’s 15 basis point cut, taking the official cash rate to just 0.1%.

Interest rates will remain low for some time, so the earlier people review their loans, the more money they’re going to keep in their pocket, instead of their banks.

If you’re considering a new mortgage or refinancing an existing loan, find the product and lender that delivers the best option for your circumstances.

At Mortgage Box, we have relationships with over 60 lenders and our brokers are committed to finding the deal that best suits their customers’ budgets and lifestyles.

For people looking to purchase property before Christmas, this month’s announcement came at a pivotal time.

Disclaimer: This document has been created by FHNS Pty Ltd (ABN 43 102 271 778 Australian Credit Licence no. 520262). It provides an overview or summary only and it should not be considered a comprehensive statement on any matter. You should before acting in reliance upon this information seek independent professional lending or taxation advice as appropriate specific to your objectives, financial circumstances or needs. Information included has been sourced from third parties and has not been independently verified. Accordingly, FHNS Pty Ltd is not in any way responsible for nor provides any warranty express or implied as to its accuracy or relevance.