April 4 2012 MOSES
NEWSFLASH: RBA HOLDS RATE
The Reserve Bank yesterday kept the cash rate at 4.25%.
The world economy is improving rapidly –
there is better news in Europe and downside risks, while still with us, have
diminished markedly. The RBA too is starting to feel more comfortable
with the current economic environment - inflation is in the middle of the
target band and economic growth is near trend The next batch of inflation data
(April 24) is likely to give central bank authorities a better picture of the
inflation landscape. There are still risks that can materialise and that is why
CommSec still expects one further rate cut to take place in May - another rate
cut would help to shore up domestic confidence, still sadly lacking.
Housing group and mortgage
brokers like 1300HomeLoan believe the central bank is creating unnecessary
economic hardship for millions of Australians by keeping rates too high and for
Meanwhile, more borrowers are opting to
fix all or part of their loans (approx 25% of new borrowers) - whilst fixed
rates can still be had (a very low 5.86% is available from one lender on our
panel), the move towards fixed rates will gather speed as it helps reduce the
risk for borrowers.
Please call our office at anytime
for a free consultation on your current situation.
Financial Services Cert IV (Fin Services) BA(Econ) MFA (Communications)
Sky Property Finance / 1300
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(03) 9578 6876
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