The cash rate decision for May has been announced by the RBA with the rate unchanged at 0.25%.
The Bank has previously signaled it considers the current rate to be the floor, with many analysts predicting it will remain at this level for some time as the economy recovers from the impacts of COVID-19.
If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your loan repayments during these unprecedented times.
Since the RBA announced a .25% emergency cut on 19th March reducing rates to their current level, many lenders have adjusted their own rates.
An AFG broker can help review your situation to ensure you have the right loan for your circumstances, by drawing on a wide panel of lenders offering 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.