Rates Race

On Tuesday the RBA announced that the cash rate would be held at 4.75%, and there's always lots of speculation about what interest rates are doing.  Despite what you read, the facts and figures tell the truth - look at this graph in this article.

The long term average for interest rates is 7.5% and we are still below the long term average, with variable rates today around 7.00%
So even with 2 more rate rises, that will take us to the long term average.


Don't be frightened by the media - it is a good time to buy!

Give me a call if there's anything I can do to help secure finance on 9212 2275 or check out my website http://www.mortgagechoice.com.au/philip.sangster.

Happy house hunting!