Interest Rates Are on The Way up

May 12, 2022 7:41:42 PM

For the first time in more than a decade, the Reserve Bank of Australia is raising interest rates. And with the cost of living at its highest level in 22 years, borrowers have been warned that further rate hikes are likely. The Reserve Bank will be tightening policy at a much faster pace than previously indicated in an effort to regain control of inflation. For those borrowers who are heavily indebted with a limited savings buffer, now is the time to plan ahead.

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Topics: Interest Rates, Mortgage Broker, Home Loans