
Rates drop again
Interest rates in Australia have hit a new low after the RBA cut the cash rate to 0.75%. This is the third cut since June 2019. Experts warn it won’t stop there, with the financial markets pricing in a cash rate of 0.5% by early next year. While this is good news for any of us who have a mortgage, we will need to wait and see how the Lenders respond to the RBA rate cut. Will they pass on the full cut? Who will cut first? #2019 #mortgage #ratecut #RBA #Banks #Lenders #075 #bor