Interest rates: No cut in April 2016

//Interest rates: No cut in April 2016

Interest rates: No cut in April 2016

As expected, the Reserve Bank of Australia (RBA) decided to leave official interest rates on hold this afternoon. The RBA seems content with the way our economy is performing, but has mentioned they will continue to watch the Australian Dollar closely to ensure it doesn’t rise above their preferred range. If it does, another rate cut may be coming up.

Every day I speak to clients who are unsure what their current home loan rate is and are unsure if it is still competitive. With all the changes to interest rates over the last 12 months, I know that keeping up to date with the loan market is not as easy as it once was. That is what I’m here for!

Please feel free to give me a call and we can review your loan and interest rate to ensure you are not paying above the odds.

2017-01-16T09:48:17+00:00April 5th, 2016|RBA Interest Rate Decisions|Comments Off on Interest rates: No cut in April 2016