Interest Rates Tipped to Fall to 3%
According to a recent article in the The Australian, interest rates could fall to as low as 3% by April next year. In fact, the RBA has already cut interest rates by 2% this year alone.
But it might surprise you that not all of the banks are passing on the savings. In fact, some lenders have passed on as little as 1% of this cut, costing its customers hundreds in extra payments every month. Another common trick is for lenders to wait weeks and even months before passing on the savings. Unfair? Definitely.
Do you know if your lender is holding back? Or maybe you are locked into fixed higher interest rates?
Isn’t it best to know where you stand today?
Complete the form and your local Perth & WA Mortgage Broker will review where you stand at no cost. If you are on a good deal already, we’ll be honest, open and recommend you stay with your current lender.
But, if there are better deals available, we’ll help you switch lenders.
Start searching for a better deal. Complete the form just to your right.
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