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After 13 back-to-back interest rate hikes, Aussie mortgage holders are getting some relief with the RBA starting a rate cut cycle which could continue through to the end of the year. The cash rate has already dropped from 4.35 per cent to 3.85 per cent, with average borrowers saving around $200 a month on repayments.… Read more »
The reason for a rate ‘pause’ makes good sense … The Reserve Bank board have defied market expectations and kept official interest rates on hold at 3.85 per cent. Markets were overwhelmingly forecasting a 0.25 per cent cut, which would have been welcome relief for millions of mortgage holders looking to ease the cost-of-living crisis.… Read more »
