The RBA yesterday cut the cash rate by a further 0.25%. Great if you have a mortgage but not so good if you are relying on interest or term deposits for your income. Here are a few ideas for both sides of the coin: Winners Home Borrowers - take advantage of the cut and get … Continue reading RBA Cuts Rates – Winners and Losers
Tag: interest rates
Why You Should Ignore Today’s Interest Rate Cut (If You Have a Mortgage)
Read the headlines regarding today’s interest rate cut and you’ll see that on an average mortgage of $300,000, you’ll be saving $46 per month. However by doing very little you can turn this into a saving of over $37,000. If you’ve taken out a mortgage of $300,000 over 30 years and are making only the … Continue reading Why You Should Ignore Today’s Interest Rate Cut (If You Have a Mortgage)