Tag: financial planning book
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Homeowners Consider Refinancing Amid Record-Low Interest Rates
Following the recent interest rate cut by the Reserve Bank of Australia, homeowners are contemplating refinancing their home loans to capitalize on potential savings. With the target cash rate now at its lowest since May 2023, major banks swiftly announced passing on the rate cut benefits to borrowers, prompting many to consider their options. The…
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RBA Cuts Cash Rate, Offering Relief to Homeowners in 2025
Interest rates are a crucial aspect of the economy, impacting various financial products like home loans. The Reserve Bank of Australia (RBA) plays a significant role in setting the cash rate, affecting borrowing costs for consumers. The recent cut in the cash rate to 3.85% following the May 2025 monetary policy meeting has brought some…
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Australian Lenders Slash Rates, Fueling Home Loan Market Competition
Australia’s home loan market witnessed a significant wave of rate cuts recently, with 31 lenders reducing 306 owner-occupier and investor variable rates by an average of 0.27%, according to the latest Weekly Rate Wrap-up by Canstar. Additionally, 11 lenders made cuts to 279 fixed rates, with an even more substantial average reduction of 0.85%. The…