The cash rate decision for May has been announced by the RBA with the rate unchanged at 0.25%
The Bank has previously signaled it considers the current rate to be the floor, with many analysts predicting it will remain at this level for some time as the economy recovers from the impacts of COVID-19.
If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your loan repayments during these unprecedented times.
Since the RBA announced a .25% emergency cut on 19th March reducing rates to their current level, many lenders have adjusted their own rates.
We can help you secure the right deal for your circumstances from a wide panel of lenders offering home loans with great features, low fees and competitive interest rates.
If you’d like to chat about the best way to manage your mortgage as the COVID-19 crisis continues to unfold, please get in touch.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.