INTEREST RATES DROP TO HISTORIC LOWS
At its meeting today the Reserve Bank voted to reduce official interest rates by 0.25% to an all time low of 2.00%pa. The reduction will put more cash into the hands of mortgage holders at the end of each month but will probably also further stimulate a red hot Sydney property market. If you want to know how this drop affects your loan or your ability to purchase a home call our office today!