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Fixed Interest Rates may soon be on the rise

November 5, 2013 in Insider Tips, Latest News, Rate Rises by admin  |  Comments Off on Fixed Interest Rates may soon be on the rise

RBA Rate Decision

The Reserve Bank Board has announced that the  Official Cash Rate will be retained at the current level (2.50%) for the time being as the RBA Board believes the economy is performing within the forecasted levels and further improvements are anticipated within Non-Mining sectors of the domestic economy over the next reporting period.

Senior Economists within Australia are suggesting borrowers who wish to lock in part / all of their Home Loan onto a Fixed Interest Rate may wish to consider their options as the Lenders are currently reviewing their Fixed Interest Rates with several of the Banks having already moved to increase their 3 Year + 5 Year Fixed Interest Rates.

Posted in Insider Tips, Latest News, Rate Rises.