No change to the Reserve Bank official cash rate: on hold at 4.25%. Almost half of all lenders in RateCity’s database lifted rates last month. How to prepare for rising mortgage costs.
RateCity warns: prepare for higher mortgage costs despite no change to the official 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.
Rates to hold at 1.5 per cent until 2017
The cash rate is set to hold at 1.50 per cent at Tuesday’s Reserve Bank meeting, with the Board likely to sit on its hands until the August cut has had a chance to flow through the economy.
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.