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?