What the RBA's interest rate decision means for your mortgage
SBS.com.auCheyne Anderson
What the RBA's interest rate decision means for your mortgage
The RBA's widely expected interest rate cut will bring mortgage relief to millions of Australians. A number of banks have already promised to pass on the cuts, but not all mortgage holders will be eligible for a reduction.
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142K views · 435 reactions | BREAKING: The Reserve Bank has cut the interest rate to a new record low 0.25 per cent as part of a suite of economic support to cushion the blow of the coronavirus pandemic. Read more: https://7news.link/2Ulm0HE | 7NEWS Australia | Facebook
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Why Are the RBA and SVR Rates Different? Ever wondered why your lender’s Standard Variable Rate (SVR) doesn’t always match the Reserve Bank of Australia’s (RBA) cash rate? While the RBA sets the benchmark, lenders adjust their SVR based on funding costs, market conditions, and business strategy. Understanding this difference helps you make smarter decisions about your home loan. Like, share, and follow Apt Mortgages for more expert insights to help you stay ahead in your mortgage journey. For mo
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