Find the Best Interest Rates for Your Home Loan
Are you taking advantage of the new interest rates?
Before last month, it has been almost three years since the Reserve Bank made a move on interest rates.
But in early June, the Reserve Bank announced it slashed rates by 25 basis points to a new record low of 1%, hoping it will be enough to reverse the trend of diminishing consumption and increasing unemployment.
Depending on your mortgage amount, you could soon be saving hundreds of dollars a year on your home loan.
“It’s a great opportunity for you to take advantage of the low interest rates and get into the new home that you’ve desired,” says Stroud Homes Brisbane South Managing Director Thomas Eldridge.
In addition, the bank is also offering a 3.49% five-year fixed rate for all new first home buyers.
“It is a fantastic time to apply for a home loan as a first home buyer,” adds Thomas.
“On top of the interest rate cuts, there has also recently been a change to lower the assessment rate for each loan that’s applied for. It would be great to put you in contact with one of our mortgage brokers to discuss the right bank for you.”
In the light of the new cuts, according to Thomas, all signs are positive for the residential home market over the next three to four years.
“We should really start to see things pick up soon and we’re certainly looking forward to building some great homes for our clients to enjoy for many years.”
If you are interested in finding out what the new home loan interest rates mean for you and want to be put in contact with one of Stroud Homes Brisbane South’s brokers, please call the team on 07 5540 3949.