Mortgage News

SMH has reported this morning that with the RBA’s next meeting scheduled in 13 days time, the Prime Ministers election campaign will be  exposed to an unprecedented possible Interest Rate Rise during this, the most sensitive period. The Board’s minutes of its latest meeting pitch that the increase could be on the cards if inflation figures are not within contained acceptable measures.

Simon Reibelt from Oasis Home Loans Northern Beaches said that this would not be the first time the RBA has committed to a mid-election Rate Rise, when John Howard was campaigning in 2007, he was caught off guard by the boards move in light of the Banks pressure for the increase.