RBA has announced the cash rate to be unchanged at 0.25%

Reserve bank of australia sign

The cash rate decision for April has been announced by the RBA with the rate unchanged at 0.25%.

Just 19 days ago the RBA announced a .25% emergency cut in response to the economic threat posed by the COVID-19 crisis, reducing the rate to its lowest ever level.

In response many lenders reduced fixed rates however most did not adjust their variable rates.

If the COVID-19 crisis is affecting your financial situation, please get in touch with an AFG broker so they can formulate a plan to manage your loan repayments during these unprecedented times.

An AFG broker can help you secure the right deal for your circumstances from a wide panel of lenders offering home loans with great features, low fees and competitive interest rates.

If you’d like to chat about the best way to manage your mortgage as the COVID-19 crisis continues to unfold, please get in touch with an AFG broker.