There have been lots of speculation around if the interest rates are going to stay down and whether we will even see them this low again in our lifetimes. Currently at the time of this blog the RBA has held its cash rate steady for 15 months now at 2.5%. The rate has remain unchanged since August 2013, but according to a survey of 12 economists all saying they have predicted a rate hike in 2015.
So in the next 12 months interest rate are going to go up and you’re not going to be able to take advantage of the incredibly low interest rates the banks are offering. Refinancing existing loans using a fixed rate is one of the most effective way to save thousands of dollars a year.
So you only have the next 12 months to take advantage of these incredible low rates, there won’t be a better time possibly in our lifetime to obtain a loan or refinance.
Get in contact with us for a free consultation to see if you can take advantage.
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