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Reserve Bank sits on the fence yet again
The Reserve Bank (RBA) has again opted to keep the cash rate on hold at 1.5% and this means we can enjoy another month of interest rate stability.
Homeowners around the country will be delighted to learn that the Reserve Bank of Australia (RBA) has once again kept the official cash rate on hold at 1.5%.
That said, the case for a rate cut could be getting stronger. Official data shows a slight cooling in the economy, and while it’s worth noting that the economy is still projected to grow, and unemployment is very low, there’s a sense that the RBA could take a scalpel to the official cash rate later this year.
For now at least we can enjoy cash rate stability, and the outlook for the remainder of 2019 is certainly interesting.
Today’s rate cut is set to bring about a lot of market changes and added complexity, so give your local Mortgage Choice broker a call before making any final property decisions to ensure you are placed in the right home loan product for your needs.
Why choose Mortgage Choice?
We know how important it is for you to be able to trust the advice you are receiving from our experts.
Our home loan service comes at no cost to you because we get paid a commission by the lender when you settle a home loan. We then pay your broker but we do it differently from other mortgage brokers. Your Mortgage Choice broker gets paid the same rate of commission no matter which home loan you choose from our wide choice of lenders.
This makes sure they always have your best interests at heart.
We have local experts available to help you with all things finance related. They'll make complicated easy and provide you with the information and advice you need to make the right decisions with your money.
We can assist you with your personal finances including your home loan, car loan and insurances and our financial advisers can help you plan to achieve your financial goals now and in the future. We can also help you organise finance to start or grow your business and fund your assets.
Contact one of our local experts today to see how we can help you.
Find an Expert
Mortgage Choice was founded by the Higgins brothers over 25 years ago. They believed in giving Australians access to a choice of home loans, backed by expert advice to help them make the right choice. They were pioneers in mortgage broking and we've since helped over 600,000 people with their home loans.
Over the years, our passion for offering choice and advice has been extended to other areas of personal and business finance, including our industry leading financial planning service.
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See the latest great deals from over 20 lenders, including the big four banks. Our online comparison tool lets you compare rates and features of hundreds of loans to find one that's right for you~.