Interest Rate Steady

For Australians home owners and buyers, today comes as a good news. The Reserve Bank of Australia (RBA) decided to put interest rate on hold (at 6.25%) for another month. Speculation has been growing these couple of days that interest rate will go up again because Australians are still on a spending spree. It is reported that even though there had been 2 interest rates rise late last year, Australians are still coping.

However, it might not be a good news next month as the data suggest that another interest rate is likely. But we can only wait and see. For home owners that are already struggling with repayments, maybe it's a good idea to look at your loan and making the interest fixed for sometime.