RBA cuts cash rate down to 1.5%!!

Any general questions you might have in regards to loans and finance.
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Otto Dargan
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Re: RBA cuts cash rate down to 1.5%!!

Post by Otto Dargan »

Hi Brawn89,

Last week, since there was news of the possibility of the recent RBA cash rate cut, the money markets reacted preemptively and so 3 year fixed rates have already dropped.

It may take a while for there to be any changes to variable interest rates but you can lock in a low fixed rate of 3.69%, with a comparison rate of 4.42%. Please note that the comparison rate may not be completely applicable to your situation since it is calculated based on a $150k secured loan over 25 years.

You can check out the Should I Fix? page if you're not sure.

No one know if the RBA will drop the cash rate any more and predictions, even from senior economists, tend to be hit and miss. However, we can help you assess your personal situation and help you with your home loan application, or assess an existing mortgage, if you have one, and let you know if you're in a position to refinance.

You can check out our website for more information. You can also speak directly with one of our expert mortgage brokers by calling 1300 889 743 or by enquiring online.

Cheers,
Otto
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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