It has been announced on Tuesday 7th May 2013 that the RBA will lower the cash rate by 25 basis points making the rate 2.75% a 53 year low!
For further information, refer to the RBA report here.
The major banks and other lenders will announce any changes to their rates over the next week or so. Please refer to our Facebook page for those announcements.
You should consider reviewing your mortgage every 12 months, as with RBA changes and mortgage product changes, it is often possible to obtain a better rate, and save money.
For further information please consult your Mortgage Broker, or contact us at 9634 5040 or email@example.com.