Interest rate update!
April 4, 2017
The RBA has opted to leave the official cash rate on hold at 1.5%.
At its board meeting today the Reserve Bank of Australia decided to leave the official cash rate unchanged.
As widely predicted, the RBA has kept rates on hold as it continues to work in unison with the regulators to stem concerns around the growth of the Sydney and Melbourne property markets.
Assisting the RBA not to make the call to increase rates was the out of cycle rate increases we have seen from lenders over the last week. In many ways these have done the RBA’s job for the moment.
Also weighing on the RBA’s decision not to move rates higher was the continued uncomfortably high unemployment rate and the fact inflation remains within its target range.
Regardless of whether rates move up or down, our role as your mortgage broker remains unchanged. we are always on hand to ensure you still have the right financial solution for your current circumstances.
If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.
Further more our contact details are 1300 805 221 or email
bdm@betterchoice.net.auBetter Choice Mortgage Services
Tags: Australian Broker, Better Brokers Better Solutions, Better Choice, Better Choice Mortgage Services, Brokerage Firm, Brokers, Finance Broker, Financial Consultant, Housing Finance, Interest Rates, Lending, Loans, Mortgage and Finance News, Mortgage Broker Perth, Perth Brokers, Perth Finance Broker
Better Choice Mortgage Services is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within this website. While the information contained within this website is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. Although the Better Choice Mortgage Services website may include links providing direct access to other internet resources, including websites, Better Choice Mortgage Services is not responsible for the accuracy or content of information contained in these websites. Links from Better Choice Mortgage Services to third-party sites do not constitute an endorsement by Better Choice Mortgage Services of the parties or their products and services. The appearance on the website of advertisements and product or service information does not constitute an endorsement by Better Choice Mortgage Services, and Better Choice Mortgage Services has not investigated the claims made by any advertiser. Product information is based solely on material received from suppliers. Advanced Finance (Pty) Ltd t/a Better Choice Mortgage Services are not financial planners or accountants and we would encourage our clients to seek professional advice before acting on any a financial or taxation information in this news post.
