At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate by 0.50% from 0.35% to 0.85%.
An increase of 0.50% in rates has been highly anticipated following the release of higher than expected inflation figures last week.
Lenders can set rates independently of RBA movements and their responses to this rate hike may vary. We will update the interest rate changes as they come in from the Australian mortgage market
If you have any questions about these announcements or interest rates, please feel free to contact us.
Calculate the cost of commercial lending please feel free to use one of our calculators at home loan calculators.
For more information regarding interest rates for home and investment loans for owner occupied and investment purposes please visit home loans website.
If you have any questions about these announcements or interest rates, please feel free to contact us.
Calculate the cost of commercial lending please feel free to use one of our calculators at commercial loan calculators.
For more information regarding commercial finance loans for owner occupied and investment purposes please visit commercial loans website
