RateCity.com.au
powering smart financial decisions

Refinancing soars as rates remain on hold

Refinancing soars as rates remain on hold

With the cash rate left on hold again at today’s Reserve Bank board meeting, marking 7 months unchanged at 2.5 percent, more Aussie home owners are seeking rate cuts of their own by refinancing, research shows.

A RateCity.com.au analysis of Australian Bureau of Statistics figures shows the number of owner occupiers refinancing their home loans was up by 17 percent to $27 billion in the first half of the 2013-14 financial year.

Did you find this helpful? Why not share this article?

Advertisement

RateCity

More nonspecific articles

More articles? Read more here

Learn more about nonspecific