Understanding loan features is crucial because they can influence not only your monthly payments but also your ability to pay off the loan early or manage financial challenges throughout the life of the mortgage.
The official cash rate remains at 4.35%, where it has been since the RBA last increased rates in November 2023.
With the June quarter data showing inflation continues to shift downwards, those of us watching closely might hope it’s enough to encourage the RBA to take rate hikes off the table but there’s still enough uncertainty to have commentators debating.
Many homebuyers ask their broker, “What is the lowest interest rate out there?”. While it’s a valid inquiry, it may not be the right question. Rather than focusing only on the interest rate, it’s also important to consider your financial circumstances.
The RBA has once again left interest rates on hold, with the cash rate sitting at 4.35%.
The Reserve Bank of Australia has made its decision to leave the official cash rate on hold, at 4.35%.
With inflation slowing less than expected over the last quarter, bets are shifting around the upcoming RBA cash rate announcement due early May, 2024. Find out more about which way will we go!
Well, predictions are in and it seems likely that the RBA will hold rates again when they announce their decision on 19 March. Read on for more!
The RBA has left the cash rate on hold at 4.35%.
