Australian homeowners will be closely watching as the Reserve Bank of Australia (RBA) meets in November to decide on monetary policy. Following the RBA’s recent decision to hold the cash rate at 4.1 per cent in October, some economists believe a rate hike is likely. With homeowners facing yet another possible blow to the budget – with higher mortgage repayments and ongoing cost of living pressures – refinancing to lock in interest rates and get ahead of the rise may be a viable solution.