Rate Watch
June 2023 Mortgage & Property Update: Cash Rate 4.10%
June's increase took the market deeper into restrictive territory.
30/06/2023 • Chorus Finance
June 2023 rate watch: The policy rate moved up by 0.25 percentage points to 4.10%.
Repayment shock became mainstream, especially for borrowers rolling off low fixed-rate terms.
Broker takeaway: A refinance review with evidence ready is worth doing for households and business owners facing higher repayments.
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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