Good news – mortgage rates staying low

The Reserve Bank of Australia has left the official cash rate unchanged for August 2015 at 2.0 per cent. Average retail mortgage interest rates are expected to remain mostly unchanged in the around 4.0 to 6.0 per cent range.

Economists are expecting the Reserve Bank to leave rates very low for an extended period of time. Rates are not expected to rise significantly in 2015.

Source: Bankheadlines.com.au

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