News Flash – the rate debate

Interest rates remain on hold again this month. However the predictions continue that by the end of this year there will be at least another 25 basis point rise, which would take the official cash rate to 5.00%. There is some speculation that may occur in August.

With the pending threat of further rate rises many people consider jumping into fixed rate home loans in order to ‘beat the rise’. If Future Assist has restructured your home loan, you will know that fixed rate loans do play an important part of financial management.

However, there is more to financial management than just placing an entire loan amount into a fixed rate account.

Is someone you know is considering fixing their home loan because the thought of increased payments will be a strain on their cash flow? Have them speak to Future Assist to discuss the best path forward for them on 1300 118 618.

Everyone’s situation is unique; Future Assist provides objectives advice that can change someone’s predicament.