This month the RBA have announced another cut in the cash rate. We are now seeing the cash rate at 2.0% and waiting to see which of the banks pass on the full rate cut.
Top tips from our finance guru, Wade Hooper of Inspire Property and Finance.
Top tips from our finance guru, Wade Hooper of Inspire Property and Finance.
- It is always good while it is low so make hay while the sun shines. Pay off as much of your home loan as you can while rates are low. Get a head and enjoy some breathing space on your mortgage.
- Indications are rates will stay low for the near future, possible the next 6- 12 months. Who knows what will happen from there! Remember point 1, make hay while the sun shines.
- When could they start going up? It is like looking in a crystal ball but one tip is to keen an eye on the Banks Fixed Rates. When they start to increase, the Variable usually follows shortly after.
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