Are mortgage interest rates going to go up or down
Currently the Reserve Bank of Australia has set the official cash interest rate at an historically low 2.0 per cent.
Further interest rate cuts are not out of the question. Some economists now believe that it is possible that the RBA’s cash rate will never return to 4 or 5 per cent.
Low interest rates reflect underlying weakness in the economy and the relationship between savers and investors.
Source: The New Daily