October RBA Announcement

The Reserve Bank has made its first cash rate decision with Michele Bullock as its governor.

Hundreds of thousands of Aussie borrowers can breathe another sigh of relief after the Reserve Bank of Australia (RBA) decided to keep the official cash rate on hold for a 4th month in a row at 4.1 per cent.

So, it's another month of plateauing when it comes to the RBA’s announcements, which from what we can see will be an ongoing announcement for the rest of the year.

and with hope, we will start to see the reductions in the cash rate take place next year.(Fingers crossed its sooner rather than later..)

Although there is no increase to the cash rate this month, we are still highly recommending you continue to review your mortgage and as a mortgage broker we do all the hard work for you.

Whether we are saving you on your actual rate or we could be saving you thousands per year with a restructure of the loan itself, it's never been a more important time to chat with

Stop putting it off and send us a DM or hit the enquire link: https://www.ambfs.com.au/

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