Sarah Harle - Mortgage Broker

The RBA today has decided to hold the cash rate at 4.35%

As returning inflation to target within a reasonable timeframe remains the Board's priority, this decision will allow time to assess the impact of the increases in interest rates on demand, inflation and the labour market.

With the RBA raising rates by 0.25% yesterday, you could be paying an extra $76 per month for every $500,000 borrowed^

Lendi makes refinancing easy, click the link in our bio to review your loan!

The RBA decided to hold rates at 4.10% for October.

“Despite the pause, we are still expecting a high level of stress to emerge in the market, particularly as we near the end of the year.”

Lendi is seeing mortgage pain in NSW, Queensland and Victoria where close to 30% of homeowners, who remain on fixed rates in the 2% range, will be rolling onto much higher revert rates by December this year.

Click the link in our bio to speak to a Lendi expert

Currently, Lendi brokers are helping customers save an average of 0.45% on their rate when they refinance.

Lendi data shows the minimum amount a household would save with a 0.45% reduction is $117 each month, while homeowners in New South Wales can save close to $200 each month.

Click the link below to find out more!
https://www.lendi.com.au/inspire/finance/helping-6-in-10-families-falling-off-fixed-rates/

Another relief this month with the RBA not moving. That's not to say we are at the peak.

Statement by Philip Lowe, Governor: Monetary Policy Decision | Media Releases At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.

This is why I do what I do 😍

Perfect time to review your home loan!

The First Home Guarantee (FHBG) allows first-home buyers with deposits as low as 5% to get a home loan without paying Lenders’ Mortgage Insurance (LMI) fees.

The current period of the scheme runs until June 30, 2023, and applies to new and existing properties.

If you’re looking at getting your first property chat with me today!

Whether you need to refinance to save money on everyday living or you want to pay your loan off quicker, purchase your first home or start investing in a 2nd property. I can help 😀

Hope everyone has the best weekend full of fun, family and food! ❤️ 🎄