bubhub
08-08-2007, 14:41
Quote from Ninemsn news site...
The Reserve Bank of Australia (RBA) has raised interest rates for the first time since November lifting its cash rate to 6.5 per cent from 6.25 per cent - the highest level in 10 years.
This will add around $50 per month to the average $250,000 home loan with standard variable mortgage rates set to rise to 8.3 per cent from 8.05 per cent.
This is worrying news for all families and homeowners - or those trying to get on the property ladder.
We have a new online expert joining us today - Andrea Kerr - who is here to give our viewers general information about getting the best from your mortgage and loans.
The Reserve Bank of Australia (RBA) has raised interest rates for the first time since November lifting its cash rate to 6.5 per cent from 6.25 per cent - the highest level in 10 years.
This will add around $50 per month to the average $250,000 home loan with standard variable mortgage rates set to rise to 8.3 per cent from 8.05 per cent.
This is worrying news for all families and homeowners - or those trying to get on the property ladder.
We have a new online expert joining us today - Andrea Kerr - who is here to give our viewers general information about getting the best from your mortgage and loans.