Phew! That was a close one, it looks like the RBA has put rates on hold for at least another month. According to Mozo Data Manager, Peter Marshall, the reason for this is likely due to the upcoming federal election, meaning that a June or July rate drop is more likely.
“They’ll wait to see if the official unemployment rate holds steady at around 5% and they prefer not to move on rates before the mid-May federal election,” he said.
So, if you were waiting for new record low rates before jumping into the home loan market, you’re probably thinking to yourself, “now what?” Just because the RBA didn’t cut the rates this time around, doesn’t mean you should settle for a home loan you’re not happy with.
Nowadays, there are tonnes of home loan offers around, decked out with low rates, fire features and crazy benefits like bonus points and cash back offers. Here are some value-packed home loans you won’t want to miss out on!