Reserve Bank drops cash rate to 3% today. Average standard variable rate expected to hit 5.92% next month. Despite rate changes to filter through next month, spending boost for borrowers in time for Christmas.
Christmas comes early for variable mortgage holders: RBA drops cash rate
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
Rates to hold in July, as RBA continues its wait-and-see approach
The cash rate is expected to remain on hold at 1.75 per cent when the Reserve Bank board meets for its July review tomorrow, despite growing pressure for a second rate cut this year.
Fixed rate war is waged as cash rate remains steady
The RBA has left the cash rate steady at 1.75 per cent at today’s board meeting, but banks have taken matters into their own hands cutting to close to 200 home loan rates in the past month.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.