Tag Archives: what are interest rates doing

Rates are moving. What are your options?

In February, the last of the major Australian banks increased its rates putting its owner-occupiers on principal and interest up 0.12% and interest only rates up 0.16%. These ‘out of cycle’ can add up to big $ in additional repayments over the year of a loan. RBA Governor, Philip Lowe, recently admitted that the odds…