Refinance Your Home Loan – Record Low Rate at 0.10%
Now is the best time to refinance your home loan. This month the Reserve Bank of Australia decided to leave the official cash rate (OCR) on hold at a record low of 0.10%. Governor Phillip Lowe has also made it clear that rates won’t go up until inflation increases by 2-3% and there is a boost in wages, which is not expected to happen till 2024.
Lenders continue to wage a home loan war to bring in new customers. Some are not just cutting their fixed and variable rates, but they are also offering competitive cashback deals of up to $4,000, generous bonus credit card rewards, and a reduction in Lender’s Mortgage Insurance!
Contact us to refinance your home loan. We will coordinate the most competitive finance deal from our vast choice of lenders.