May 2016 Cash Rate Decision

All eyes are now on the Reserve Bank of Australia, after the Board decided to slash the cash rate to the new historical low of 1.75%.

The announcement - which came just hours before the Government unveiled its 2016 Federal Budget - should take home loan interest rates to new lows and make the cost of borrowing more affordable than ever before.

With that in mind, now may be the perfect time to put any property plans you may have for 2016 into action.

 

For further information, and to put yourself in the best position with valuable information and guidance, contact a trusted consultant from Mortgage Choice on 07 3286 7711.

Posted in: Interest rates

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