RBA sets first cash rate of 2021

RBA sets first cash rate of 2021

The Reserve Bank of Australia (RBA) has announced its first cash rate decision of 2021.

Although expected, the RBA has held the low rate at its 0.1%, which has been the case for the last three months.

​The RBA will be monitoring the economic data focused on unemployment, property prices and consumer spending. If these three areas all show a rebound, then there is likely to be an increase.

Don't get complacent about current rates, as they may just move without much notice. Record volumes of loans are being processed and Lenders just may slow things down by way of increasing rates slightly.

Joondalup Home Loans says, “It’s is financially critical to ensure you get a very competitive interest rate while you can.

Contact Joondalup Home Loans, an experienced mortgage broker to make sure you are getting or have got, the best deal.