Low Interest Rates

March 11th, 2020

Last week we mentioned how our Phillips’ Mortgage Choice office was abuzz after the Reserve Bank of Australia (RBA) took the remarkable step to slice the official cash rate to a new record low of 0.5%. So which banks passed on the rate cut?

One of our Gardian clients hadn’t heard from their lender and wasn’t sure if their bank was going to pass on the full value of these cash rate cuts so they came into Mortgage Choice to check. The team at MC was able to reduce their rate, which had not happened for some time, and save them a whopping $1,100 per month.

If you’d like to check if you’re receiving the best rate from your lender or even what is the best rate you can get if you’re buying, then contact your Gardian agent and they can organize an obligation free rate check with one of our brokers. Call today and start saving money!