The cash rate is steady but interest rates rise... why?!
Once upon a time when the cash rate moved (up or down), most lenders would typically move their interest rate in alignment with the cash rate change.
Have you noticed that when the cash rate moves up the lenders are quick to pounce on an increase and pass these increases on to us - the consumer - immediately? AND have you noticed that when the cash rate goes down it can take at least a month for them to respond and for them to pass on the savings?
At Accession Finance we work to get the right loan for our clients. If you'd like to talk to Tim about your loans, you can call 0434 494 656 or Contact Us here
Congratulations to the winner of our last competition, a trip to Santorini; D.Holden of QLD. Our next competition location will be to incredible Mauritius, opening 1 June. If you'd like for us to let you know when the competition opens, you can register here...