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Banks changing Interest Rates despite RBA decision

July 4, 2017 in Rate Rises by admin  |  Comments Off on Banks changing Interest Rates despite RBA decision

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The RBA Board has elected to retain the Official Cash rate at the record low 1.50% for yet another month. 

Please keep an eye on your Home Loan interest rate as several Banks have recently reduced their Owner Occupied Home Loan interest rates whilst other Banks have taken the opportunity to increase their interest rates (& profit margin). 

Interest Rates on Investment Property Loan have increased across the board following recent changes in requirements by ASIC, although once again some Banks have passed on the minimum increase whilst other Banks appear to be taking the opportunity to increase their revenue. 

Please feel free to contact me if you wish to discuss how your Home Loan or Investment Property Loan is performing & to learn how you can achieve a lower interest rate.

 

Posted in Rate Rises.