How low can mortgage rates go?
Australian home loan borrowers have never had it this good. Lenders are now offering five-year fixed-rate deals at less than four per cent. But will rates come down even further?
AMP Capital chief economist Dr Shane Oliver expects another 0.25 per cent cut to official interest rates in August, 2016 and another rate cut in November.
Dr Oliver said: “I wouldn’t be surprised if we see someone come out there with a rate with a two in front of it.”
Source: The New Daily