We do not anticipate any major movement in variable home loan rates during 2014, either up or down. With the Reserve Bank of Australia (RBA) hoping that reduced US quantitative easing will lead to a lower Australian dollar to help our exporters, any rate increase would likely lead to an increase in the Australian dollar. On the other hand, with current rates at historic lows the RBA will want to keep its options open with regards to stimulating the economy and will therefore use a rate decrease as a tool of last resort.
Are you paying too much for your home loan? Call us on 02 9233 1111 to discuss.
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WealthMaker Financial Services
Contact:Phone: (02) 9233 1111