Interest Rate Update – No Change

The cash rate decision for April has been announced by the RBA with the rate unchanged at 0.25%.

Just 19 days ago the RBA announced a .25% emergency cut in response to the economic threat posed by the COVID-19 crisis, reducing the rate to its lowest ever level.

If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your loan repayments during these unprecedented times.

Frank, if you’d like to chat about the best way to manage your mortgage as the COVID-19 crisis continues to unfold, please don’t hesitate to give me a call.

If you have any questions about this announcement or interest rates, please feel free to contact us.

To view interest only repayments you can calculate these by using one of our mortgage calculators or commercial loan calculator.

For more information regarding residential home loans, investment and commercial loans please visit Smart Search Finance.

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