Interest Rates Up by 0.25% to 0.35%

May 3, 2022 Home Loans by Administrator

At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. This is the first interest rate rise in more than 10 years. An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week. There was
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April 2022 – Commercial Fixed Rates are On the Rise

April 10, 2022 Home Loans by Administrator

The last few months has seen an increase in fixed interest rates for commercial lending while variable interest rates have remained stable. Interest rates will vary from customer to customer depending on the type of lending required and risk profile of the deal. We are likely to see an increase in variable rates over the
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Home Loan Interest Rate Update – Fixed Rates Are On The Rise

April 10, 2022 Home Loans by Administrator

Over the past few months we have seen variable interest rates remain stable across the board. On the other hand we have seen fixed rates steadily increase as the Reserve Bank of Australia may be preparing for variable interest rate hikes as inflation begins to wane on the economy. We have seen 1 year fixed
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April 2022 Interest Rates Remain At 0.10%

April 5, 2022 Home Loans by Administrator

The RBA has remained consistent in wanting to see a sustained period with inflation in their 2-3% target range and steady wages growth before raising the cash rate. With global uncertainties remaining and modest wage growth, expect the Reserve Bank to continue to closely monitor supply chain disruptions, increasing energy prices and global events. The
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Interest Rates Remain Unchanged

March 3, 2022 Home Loans by Administrator

As widely expected the RBA board confirmed today that the official cash rate would again remain at 0.10%. With inflation now within its target band of 2-3%, markets have been speculating the RBA will increase rates as early as June this year. The Central Bank will be closely monitoring for any signs of additional inflationary
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February Interest Rates 2022 Remain at 0.10%

February 2, 2022 Home Loans by Administrator

The Reserve Bank today confirmed the official cash rate will remain at 0.10% for the foreseeable future. Rising inflation and falling unemployment led to speculation in the lead up to the meeting that the RBA would be forced to reassess its 2024 forecast for the next rate rise. With future rate rises linked
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