The Reserve Bank of Australia decided to leave interest rates on hold today. So there will be no relief for business borrowers and home loan borrowers for the month of April.
They have left open the door for future interest cuts for up coming months but business, especially retail are calling for them to be cut sooner rather than later.
Even though interest rates remain on hold maybe it is time for you compare your current rate to other offers on the market. Below are just a few examples of variable and fixed rates you can get today;
Variable Rate: 6.35%
2 year Fixed Rate: 5.95%
3 Year Fixed Rate: 5.95%
5 Year Fixed Rate: 6.45%
If you need help we have a mortgage broker in your area to help you find a competitive interest rate for refinance or purchasing a new home by simply completing the contact form below.