Homeowners with a mortgage will likely be hit with higher loan repayments just in time for Christmas following the RBA decision to increase interest rates by a further 25 basis points this afternoon.
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Mortgage holders are set to be slugged with another round of rate hikes following a seventh straight increase to the cash rate from the RBA at its November board meeting.
We know that markets and economies ebb and flow, so could the surprise rate rise be a sign from the RBA that the future is not looking too bad?
Australians with a mortgage are in for another hit to their home loan repayments after the Reserve Bank lifted interest rates by a further 25 basis points at its October board meeting.
Aussie homeowners with a mortgage are in for yet another round of repayment increases following the RBA decision to lift interest rates by a further 50 basis points at its September board meeting.
The official cash rate has hit the highest point it's been since April 2016 following the RBA's decision to increase rates by 50 basis points to 1.85%.
With uncertain times ahead after two interest rate hikes in as many months, we look back at the last time the country saw consecutive cash rate increases.
Interest rates are now back to pre-COVID levels following the Reserve Bank's decision to lift the official cash rate by 50 basis points to 0.85% at its June board meeting.
Experiencing your first interest rate rise as a home owner? Here's what is happening, why it's happening, and how it will affect your home loan.
Struggling to pay your mortgage after this week's interest rate rise? Don't be afraid to reach out to your bank to find out what payment relief is on offer.
