MoneyQuest’s November Cash Rate Update – The Staying Race
We’re off and racing – in more ways than one!
The Spring Racing Carnival is in full swing, the “race that stops a nation” is about to take place, and the RBA Board has just released their latest cash rate decision – another rise.
Yes, the cash rate has been increased again, this time by 25 basis points, making it 2.85%. This marks seven cash rate rises in a row.
Unfortunately, a protest can’t be lodged like it can in horse racing, however the good news is that our team of mortgage brokers are on hand to help keep you and your mortgage on track.
If you haven’t had your current home loan repriced, or if you keep putting off that refinancing conversation, now is the time to take the reins and look at ways of lowering your repayments.
Remember, the home loan journey is a staying race, not a sprint, so if you’re starting to feel boxed in, reach out to your local MoneyQuest mortgage broker for a leg up today
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