Aussie has seen strong growth in the level of refinancing in the last 12 months and we expect that this will continue.
Borrowers are getting the message that now is the right time to save money on their mortgage repayments through refinancing, with many continuing to make payments at existing levels to get ahead on their mortgage.
A free health check on your home loan is available at more than 200 stores across Australia and with our expert mortgage brokers. Many thousands of dollars can be saved, even though rates are at historic lows and should stay at these levels until the end of the year.
The continued strength of the Australian dollar, low inflation rate and economic uncertainty caused by overseas events should prompt the Reserve Bank to continue to closely monitor Australia’s economic health, with many analysts predicting the next change to be down.