RBA Keeps Rates On Hold
Good Afternoon,
Great news for variable rate home loan holders - the Reserve Bank of Australia (RBA) has decided to keep rates on hold this month.
The governor of the RBA mentioned that inflation is consistent with the medium-term objective of monetary policy, which is being assisted by the strong exchange rate. He also mentioned that they consider the effects of Australia’s flooding, and the resulting increase in the price of food as temporary and they are not considering this price increase in relation to underlying inflation.
Most economist are expecting rates to be stable for the next few months with possible increases later this year.
If you have any questions please give us a call or send us an email.
Kind Regards
Nathan Meiklejohn
Principal
M 0412 253 456
P 1300 365 310
F 07 5446 5506
Merry Christmas
Merry Christmas from Ezy Mortgage Solutions
As the year draws to an end and we find ourselves in the midst of another festive season I would like to take this opportunity to wish you a very safe and merry Christmas. May this festive season be full of good cheer, laughter and loving memories for you.
Have a very Merry Christmas and a prosperous 2011.
Kind Regards
Nathan Meiklejohn
Principal
M 0412 253 456
P 1300 365 310
F 07 5446 5506
RBA keeps rates on hold
Good Afternoon,
Great news for variable rate home loan holders – the Reserve Bank of Australia (RBA) has decided to keep rates on hold this month.
Among the many factors that the RBA considered in making its decision was that the European financial situation has a few extra question marks around its stability; and that for the time being the RBA sees that inflation pressure in Australia has stabilized. Last but not least the banks obviously decided to upsize the rate increase last time around, taking care of the reserve banks job in dampening inflationary pressure.
Whatever the internal reasons, this is great news for variable rate home loan holders particularly coming up to Christmas.
The RBA will now be taking some time off and they will not be meeting again until Feb 2011. If you have any questions please give us a call or send us an email.
Kind Regards
Nathan Meiklejohn
Principal
M 0412 253 456
P 1300 365 310
F 07 5446 5506
www.ezymortgages.com.au
WOW Time Sensitive Lender Special – Refinance to ING and get $1000
For a limited time ING is offering a fantastic deal for anyone thinking of refinancing, they will give you $1000 for refinancing your existing home loan to ING.
This offer is for a very limited time. So if you’re thinking of refinancing give the office a call today on 1300 365 310 or contact us athttp://ezymortgages.com.au/contact-us-2/.
Ezy Mortgage Solutions
www.ezymortgages.com.au
RBA Raises Interest Rates by 25 Basis Points – 2nd of November 2010
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.75 per cent, effective 3 November 2010.
This was the first time that interest rates have been raised in 6 months. The reserve bank has taken the stance that inflation is likely to increase over the coming years and wants to take a proactive stance. A lot of people were expecting rates to stay on hold as inflation eased to a 5 year low of 2.4%, however the RBA is confident in the growth of our global economy and the strength of our mining sector.
If you have any questions about how this affects your loan please contact the office.
Exciting New Website
We are excited to announce that after months of work we have totally refreshed our website.
We hope to bring you interest rate updates and any relevant industry news. We would also love for any suggestions for our soon to be released ‘Resources Section’.
So come and have a look around and don’t forget to sign up for our updated newsletter.
Thanks,
Ezy Mortgage Solutions
1300 365 310
RBA Keeps Rates On Hold – 5th Oct 2010
Good news for mortgage holder the Reserve Bank Of Australia has opted to keep mortgage rates on hold as of the 5th of October 2010.
Although there has been talk of rate raises the RBA is following a wait and see approach. With some key market indicates to be released later this month.
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