Reserve BAnk of australia has lifted the cash rate to 0.35%.

After two years of record-low rates, the RBA has lifted the cash rate to 0.35%.

What can you do?

Rising interest rates generally result in more expensive home loans. While this can be challenging for buyers, there is help available to ensure you’re on the most suitable home loan.

During a rate-rising period, there will usually be a tipping point where variable rates are lower than fixed rates. However, with variable rates often comes less security about repayments, especially in a fluctuating rate market.

Fixing your home loan now on the remaining low rates could be a good option for those seeking repayment stability.