The RBA has left Australia’s cash rate at a record low level of 2.5% and some lenders are passing on this rate with an unbelievably low 3.99% rate for one-year fixed home loans. This is not only the lowest home loan rate offered by any bank in the country but is also the lowest rate ever offered by some lenders in their 130-year average history. The rate has even surpassed the Great Depression in 1932, and even after the Second World War where rates were between 4-5% respectively.
This 2.5% cash rate has been held steady by the RBA since August last year.
Launch Finance can assist borrowers in taking advantage of these record low rates of 3.99% before eventual rate rises occur. This is thanks to our wide network of secure lenders, offering hundreds of loan products, and our commitment to staying abreast of market trends, training and intelligence. Contact one of our expert brokers today for more!