November 2020 Mortgage & Property Update: Cash Rate 0.10%

November 2020 rate watch: The policy rate moved down by 0.15 percentage points to 0.10%.

Policy settings were pushed to emergency lows, supporting refinance activity and gradually rebuilding buyer confidence.

Broker takeaway: Low-rate periods are strongest when borrowers optimize debt structure, not only headline rates.

Source: Reserve Bank of Australia cash rate target, as at the end of the month.

This article is general information only and does not constitute personal financial advice.