The Australian Cash Rate is at an all time low! Is now the time to fix your home loan?
The Finance Guy takes a streetonomic look at Australian mortgage rates, and provides some insight into whether or not now is the right time to fix!
Along with two thirds of the market, we believe the Reserve Bank of Australia will cut the official cash rate by 25 basis points when they meet after the Easter long weekend, on Tuesday April 7th. The official cash rate will drop to an all time low of 2.00%. We discuss why we believe the RBA will cut rates.
We also look at a history of the standard variable rate charged by banks, and see that there is a possibility that we will not see the full rate cut passed on to our home loans.
Read MoreGeneral Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.