We’ve seen banks start to increase their interest rates across fixed, investor and interest only loans over the last week, a sign that the market is potentially gearing up for a rate rise. Analysts are cautiously changing their forecasts for 2017 and there is an increasing view we have seen the last of the interest rate cuts from the RBA. Is the Trump effect starting to take place? Will this effect property growth rates?
To counter the interest rate news, I’ve also included an article on refinancing your home loan to save money while interest rates are at a record low; and we take a sneak peak inside Dee & Darren’s new renovation project. After seeing this you may want to refinance your property to renovate instead!
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Is This As Low As Interest Rates Go?
Could this be it? Have interest rates gone as low as they can go?