THE RBA HELD. THAT DOESN’T MEAN YOU SHOULD. After three rate rises this year, the RBA has left the cash rate sitting at 4.35%. Good news? Well… it’s certainly better than another rise. But here’s the part worth remembering: the RBA sets the cash rate. It doesn’t set your home loan rate. Banks compete for business, pricing changes, discounts move and what was a good rate six or twelve months ago may not be a good rate today. And loyalty, unfortunately, isn’t always a pricing strategy rewarded by banks. So while everyone waits to see what the RBA does next, there’s something much simpler you can do now. If you haven’t spoken to your mortgage broker in the last few months, it might be time for a check-in. Not necessarily to refinance. Not to panic. Just to make sure your rate is still earning its keep. Because sometimes the most expensive words in finance are: “I’m sure my rate is fine.” 😉 #RBA #InterestRates #AustralianFinance #MoneyMatters