Home Loan Interest Rates: Where to in 2024?
In just a short timeframe, the Aussie interest rate outlook has shifted significantly. From discussions of potential rate cuts, we now anticipate a 'higher for longer' scenario, driven by unexpected inflation figures and cautious economic indicators. Despite notable progress in reducing inflation, challenges persist, particularly in sectors like healthcare, housing,...
Home Loan repricing versus refinancing: How to save money in a rising rate environment
In May 2023 the Reserve Bank of Australia (RBA) announced a further hike to the cash rate from 3.60% to 3.85%. This was the 11th increase to the cash rate in approximately 12 months and a total of 3.75 percentage points up from a record-low of 0.1% back in May...