Positive effects of cash rate cuts showing despite April holdThe decision by the Reserve Bank to leave the cash rate at 3% this month may be disappointing news for some mortgage holders; however it's important to note there are plenty of encouraging signs in the economy that will likely continue throughout 2013.
The low interest rate environment and the positive flow-on effect this is having on consumer sentiment saw the value of housing finance commitments in January rise 2.4% month on month, and 5.6% from January 2012.
Even with rates on hold, it's vital to ensure your home loan is still right for you. I can give you a free "Home Loan Health Check" by comparing your loan with hundreds of others, to see if there's a better loan for you. With the ever competitive nature of the home loan market, there may now be a better priced product available to you. Best of all, our home loan service is at no charge to you!
I'm always here to help, so if you'd like to discuss your home loan needs please feel free to contact me at any time.