Worried about RBA rates increases?
If you are reading this, you probably know the RBA has increased the official cash rate to 0.85 per cent, with more rises expected.
What does this mean for you?
When interest rates begin to rise, your mortgage repayment goes up and as a result many people start researching the market. Because, even though all banks have passed on the increase, there are big differences in rates and features amongst lenders and shopping around for the most competitive rate could save hundreds of dollars every month.