RBA’s record interest rate cuts have buyers buzzing in Townsville

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Two months later the rains have reached a record high for Queensland. The first cyclone of the season touched down near Townsville creating substantial damage and evacuations, and Brisbane made front page world news due to massive flooding.

 · Home buyers take note: long-term mortgage rates are now at their lowest level in more than two years. On Thursday, Freddie Mac reported 3.73 percent with an average 0.5 point as the average for a 30-year mortgage, down 11 basis points from last week.

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THE Reserve Bank of Australia’s highly anticipated announcement of a historic interest rate cut has the townsville property market buzzing. The cash rate, which was cut by 25 basis points to 1.25 per cent, has not been as low since it was first regulated in 1990.

THE Reserve Bank of Australia’s highly anticipated announcement of a historic rate cut has the Townsville property market buzzing, with first home buyers gearing up to pounce, and investors expected to get back into the local market. The post RBA’s record interest rate cuts have buyers buzzing in Townsville appeared first on realestate.com.au.

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Strange as it may seem, we raised some of the money to do that, on those days of an interest rate loan of three and three quarter percent. We raised the final bit it went up, it rocketed up to four percent.

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The Reserve Bank of Australia (RBA) is widely expected to cut interest rates when it meets in August. 24 of 25 economists surveyed by Bloomberg expect the bank to cut the cash rate to 1.50% – a.

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If it does go beyond that, then so far the premiers have done a lousy job of putting the record straight. The most offensive contribution. The alarm bells would surely have been ringing if advisers.