Broker Technology
Broker Guides

Download your AFG Information Book

Open the book on AFG and find out how we can partner with you to grow your business.

Services We Offer
Featured Post

AFG partners with Foyer Foundation to tackle youth homelessness

AFG is delighted to announce a landmark sponsorship agreement to become Principal Partner of Foyer Foundation,
Read more
Featured Calculators
Broker Guides

Starting your own mortgage brokerage

Discover everything you need to know in our eBook to take the leap and become a self-employed Mortgage Broker.

The AFG Story

Find out how we’ve been helping Australians find a fairer deal for over 26 years.

How we're helping
Investor
Looking for the right loan?
Choose your loan type and start comparing products from our lender panel, read the latest finance tips and if you’re looking for expert help, we can put you in contact with an AFG Mortgage Broker.
Reserve Bank of Australia

RBA reluctant to increase cash rate

At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%.

Concerns continue to be expressed that record low interest rates are fuelling a housing boom, increasingly putting property ownership out of the reach of many prospective first home buyers and placing the wider economy at risk by creating a housing ‘bubble’.

The RBA remains very reluctant to increase rates, fearing that doing so will result in an increase in unemployment and a further reduction in wage growth which could be just as harmful to the economy.

The likely outcome is that the Australian Prudential Regulatory Authority (APRA) will look to cool the housing market by introducing so called macroprudential controls, aimed at restricting what it deems to be riskier borrowing for housing.

An AFG broker can answer your questions and look at your circumstances to make sure you’re prepared for what could be coming next. This could mean refinancing or approaching your lender for a better rate. Because an AFG broker does this type of work every day, they have a pretty good idea what lenders can do to win or keep your business.

We’re here to help if you have any questions. Please don’t hesitate to get in touch with an AFG broker.

0 Shares
Tweet
Share
Share