Rate Watch
May 2022 Mortgage & Property Update: Cash Rate 0.35%
May 2022 marked the first rate rise of the new cycle and shifted market sentiment from expansion to caution.
31/05/2022 • Chorus Finance
May 2022 rate watch: The policy rate moved up by 0.25 percentage points to 0.35%.
The RBA lifted from emergency settings, beginning a tightening phase that changed borrowing power assumptions quickly.
Broker takeaway: Early-cycle rises reward proactive scenario planning before commitments are locked in.
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.
About the author
Chorus Finance
Chorus Finance is a Brisbane mortgage broking practice. The founder holds an MBA in Finance and has worked in mortgage broking since 2020. The practice helps Brisbane borrowers, including first home buyers, refinancers, and people with self-employed income, understand their home-loan options.
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