Rate Watch
June 2022 Mortgage & Property Update: Cash Rate 0.85%
June 2022 brought another rate rise into a market where confidence was shifting month to month.
30/06/2022 • Chorus Finance
June 2022 rate watch: The policy rate moved up by 0.50 percentage points to 0.85%.
The RBA lifted rates again in June as inflation pressure accelerated. Borrowers suddenly moved from 'wait and see' to 'lock in a clear plan now'.
Broker takeaway: Clarity on borrowing capacity matters more than chasing perfect timing. Borrowing buffers and loan structure deserve more attention than the headline rate.
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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