MoneyQuest’s October Cash Rate Update – Refocus on your finance journey

It has been a big couple of weeks for a few different reasons…

  • the UK’s longest serving monarch, the Queen, sadly passed away aged 96
  • sports fans right across the country have been swept up in AFL and NRL finals fever, and…
  • the cash rate has been hiked for the sixth month in a row, and is now sitting at 2.60%

Needless to say, there’s been a lot happening, so if you’re guilty of neglecting your finances a little lately, we get it.

However, now is the time to refocus on your finance journey. The change in cash rate is likely to flow through to mortgage interest rates within a matter of days. So, we’ve said it before and we’ll say it again – don’t just sit idle.

It’s essential, now more than ever, that mortgage holders reach out to a mortgage broker. Here at MoneyQuest, our finance specialists can help in a variety of ways. We can:

  • assess your refinancing options to ascertain if there’s a loan product on the market that better suits your needs
  • submit a loan repricing request to your current lender on your behalf
  • help to identify areas where you might be able to save with regard to your living expenses.

MoneyQuest is here to help during this unpredictable time, so if you want to chat about your loan, you know who to phone.

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