The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.50% to 1.35%.
With the RBA continuing to try and head off inflation before it takes too strong a hold on our economy, the decision was made to raise the rate.
Lenders can set interest rates independently of RBA movements and their responses to this official cash rate hike may vary.
I deal with multiple lenders every day, so I know just how flexible they can be to keep or win your business.
It never hurts to ask the question, so get in touch to review your options.