Rate Watch
November 2022 Mortgage & Property Update: Cash Rate 2.85%
November brought another increase and more pressure on households managing fixed-to-variable transitions.
30/11/2022 • Chorus Finance
November 2022 rate watch: The policy rate moved up by 0.25 percentage points to 2.85%.
The market focus moved from acquisition only to refinance triage and repayment sustainability.
Broker takeaway: Refinance pathways that give monthly relief without losing long-term flexibility deserve a close look.
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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