Kirsty Lamont from Mozo.com.au tells us the five numbers that you need to know following Tuesday’s cash rate announcement.
How many lenders are offering variable home loan rates under 4% at the moment
How much the average monthly home loan repayment would rise by if the RBA increases rates by another 0.25% this year.
The number of lenders who have increased interest rates for new investor loans.
The number of basis points, on average, that lenders increased 3 year fixed rates by in June
This is the best rate you can earn on your savings right now by making a minimum $200 deposit and no withdrawals in the month.