With the new year underway, we’ve come to the first rate news for 2017. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. As widely predicted the RBA has kept rates on hold as it continues to look for the balance between containing house price growth and managing below target inflation levels, record low wages growth and slow economic growth. Even though the official cash rate has remained unchanged, lenders can move their rates independently, so you may see a change to your rate. Of course, one of the many benefits of having me as your mortgage broker onside is I’m very happy to speak to you at any time to ensure you still have the right financial solution for your current circumstances.

This month’s Reserve Bank of Australia cash rate decision has just been announced; the last decision for this year in what has certainly been a jam packed 12 months. I’m pleased to share this update with you and the thoughts on why the Reserve Bank of Australia has made this call. The RBA elected to adopt a wait and see approach over the Christmas and New Year period and has left the cash rate on hold at 1.5%. Between now and its next meeting in February, the Reserve Bank will weigh up a number of factors including the ‘Trump effect’ which some lenders are attributing to rising funding costs and consequently increasing fixed loan interest rates. Low inflation, slow economic growth, improving commodity prices, a stronger Australian dollar and ongoing concerns around some inner city property markets are among the other factors the RBA will need to take into account….

The RBA has opted to leave the official cash rate on hold at 1.5%. With celebrations for the race that stops a nation in full swing, I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. The RBA has resisted temptation to further lower rates. In making this decision it appears to have taken into account stable unemployment figures, improving commodity prices and concerns about further stimulating the Sydney and Melbourne property prices whilst discounting for the moment, concerns about low inflation. Even though the official cash rate has remained unchanged, lenders can move their rates independently, so you may see a change to your rate. Of course, one of the many benefits of having me as your mortgage broker onside is I’m very happy to speak to you at any time to ensure you still have the right…

Now that the weekend’s grand final sporting festivities have come to a close, I’d like to draw your attention to today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. In making this call, the RBA has resisted temptation to further lower rates, opting instead to wait until the September quarter CPI data is released to allow it more time to measure the impact of the August rate cut. Even though the official cash rate has remained unchanged, lenders can move their rates independently, so you may see a change to your rate. Of course, one of the many benefits of having me as your mortgage broker onside is I’m very happy to speak to you at any time to ensure you still have the right financial solution for your current circumstances. While the official cash rate remains unchanged, banks and non-bank lenders…