The Reserve bank has again left the official cash rate on hold following weaker than expected rise in consumer prices combined with strong unemployment data, the ninth consecutive month that the official cash rate has remained on hold, at the historically low level of 2.5%.
Although this month’s decision was no surprise to economists, most are expecting that there will be a rise in the rate although exactly when is still a matter for the crystal ball. Most economists are predicting the next change to occur either later this year or early in 2015.
There is some speculation however that some rates will move independently of the RBA announcement. In recent months, there have been examples of lenders both increasing and decreasing a different loan, which shows that there are no clear signals for a move in the short term.
Positive economic data and low interest rates present a great opportunity to review your options; purchasing your first home, an investment property or your current home loan, that is where we can help.
As your local home loan expert, I will meet with you to understand your needs and compare hundreds of products from up to 27 leading banks and lenders to find the right home loan for you.
For a Free Home Loan Health Check, or to discover how you can take advantage of the latest cash rate announcement,
please call Fiona Manley on 0421 360 205 or
email at email@example.com
to arrange a time to meet.