April 4 2012: RBA HOLDS RATE

By: Eddie Moses / Blue Sky Property Finance  05-Apr-2012
Keywords: Accredited Broker

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 too long.

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.

EddieMoses

Senior Loan Consultant

Diploma Financial Services Cert IV (Fin Services) BA(Econ)  MFA (Communications)

Blue Sky Property Finance / 1300 Home Loans

m 0412 677 457  (03) 9578 6876    

Tip: Protect your credit profile – it will make your borrowing easier and cheaper.

Keywords: Accredited Broker

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Other news and updates from Eddie Moses / Blue Sky Property Finance

26-Apr-2012

April 26 2012: INFLATION FALLS, RATE CUTS EXPECTED

INFLATION FALLS, RATE CUTS EXPECTED. The Reserve Bank of Australia is all but certain to cut rates on May