Archive for August 2010
Interest rates left on hold – for now!
The Reserve Bank has correctly left official interest rates on hold at yesterday’s board meeting.
After suffering 6 rate rises in the past 9 months this is certainly welcome news for the home owners and buyers.
However, the quiet word is that the major banks are concerned about their profits not being high enough and may put up themselves in the short term. The suggestion is that this rise may only be 0.1% – 0.2%.
So if you are shopping around for the best rate then try our mortgage broker for free advice – he could save you thousands!
Graham
