RBA DROPS INTEREST RATES DOWN AGAIN TO ALL TIME LOW @ 2.5%

Posted by Henry | INTEREST RATES,RBA | Tuesday 7 May 2013 8:27 am

RBA reduces the cash rate to a new record low of 2.75%!

The RBA has again moved into new territory today – with the board deciding to reduce the cash rate by 25 basis points to an all-time low of 2.75%! Depending on how the major lenders choose to pass on these savings – this could result in homeowners paying the lowest rates on their mortgages in recent history – which is going to be welcome news to most!

The RBA – citing low inflation numbers and generally pessimistic market expectations – reduced the cash rate to again attempt to spurn economic activity in wake of a global market which is again experiencing jitters – with the European debt market showing signs of volatility. The actions of the RBA to date have been relatively successful in maintaining a steady level of growth domestically – even if it is a bit less than predicted towards the end of last year.

As a result of this announcement it is important to take the time to compare what you are currently paying on your home loan with the best deals available in the market – as you could be paying thousands of dollars more than you should.


COMPARE WHAT YOU ARE PAYING AGAINST OTHERS BELOW


Click here and see how your loan stacks up against the competition

Henry Sapiecha

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