24 Stirling Street, Bunbury
Western Australia 6230
P: + 61(8) 97 800 700 | F: +61(8) 97 800 701
or
Reserve Bank Interest Rate Announcement
Worried mortgage holders had some good news today - the Reserve Bank kept interests rates on hold at 4.75 per cent for another month.
Rates have been on hold since the Reserve Bank hit borrowers with a surprise increase on Melbourne Cup day last November.
Each 0.25 per cent interest rate rise adds another $60 to the monthly cost of an average Australian mortgage.