Mortgage News

SMH reports from the RBA’s welcomed rate hold in their last meeting in February, everyone is looking to whether this action was a one off. After the RBA’s three consecutive interest rate increases in late 2009, the Board commented that it did not have to raise rates everytime it met. On the back of the end of the First Home Owners Grant ending and an economy showing signs of recovery, the RBA is currently playing it by year literally to guide their movements with interest rates. The Board meets again on the 2nd of March 2010.

Simon Reibelt from Oasis Home Loans Northern Beaches said that from the article it seemed that it was entirely up in the air to whether and how quick the RBA would raise rates.