The RBA has reduced the Cash Rate today by .25% – the first reduction since November 2020.
Many lenders are passing on the full reduction. Some banks may take until early March for the reduction to take effect.
Fixed Loans won’t receive the interest rate reduction, but Variable Loans could be the winners.
Your interest rate may still be on the high side, so if you would like to know more about your options to reduce your interest rate further, please call 0403 211 361 or email an enquiry on our website