BREAKING NEWS: Double treat: Homeowners get rate cut, cash handout
After a stint of inaction last month, the Reserve Bank swung back into gear today and lowered interest rates by 25 basis points to reach 3%. But while the move is likely to make existing mortgage holders happy about their lower payments, it may have limited results in stimulating more demand in the housing market, said an expert.
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It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan