Rate Watch
October 2022 Mortgage & Property Update: Cash Rate 2.60%
Rate rises continued into October, but the pace of strategy conversations improved as clients adapted.
31/10/2022 • Chorus Finance
October 2022 rate watch: The policy rate moved up by 0.25 percentage points to 2.60%.
Borrowers and brokers adjusted to the new normal: tighter credit assessment, stronger evidence requirements, and less room for optimistic assumptions.
Broker takeaway: Clear evidence packs and realistic timelines reduced rework and improved lender response quality.
This article is general information only and does not constitute personal financial advice.