Home
» Mortgage Rates » Australian mortgage rates on hold
Australian mortgage rates on hold
Mortgage repayments are unlikely to increase for some time in Australia The the Reserve Bank seems to be adopting an “weight and see” approach as Europe and the US experience major head winds.
Opinions on whether rates will rise seem to be swaying back and forth on a weekly basis with each set of economic data seemingly contradicting the the previous set of data. The latest Reserve Bank minutes is sounding much less hawkish than anything they have put this year.
This must come as very welcome news to mortgage holders in Australia who are increasingly under pressure if as indicated by mortgage defaults and consumer confidence.