Category: variable
The mortgage conundrum – fixed or variable?
When the Reserve Bank of Australia elected to keep the official cash rate on hold at 4.75 per cent at the beginning of the month, it was the tenth consecutive month that the same decision had been made and marked the longest period that rates have been on hold for five years. As opposed to being able to enjoy this extended period of steadiness, the market has experienced fairly volatile interest rate expectations, creating uncertainty and likely playing a role in the dampening...Read complete post