Interest rates have been low for so long it’s tempting to think low rates are the new normal. So when the Reserve Bank suggests that a cash rate of 3.5% is the new ‘neutral’, people take notice. Neutral is central bank speak for the sweet spot where growth is supported without pushing inflation too high.
Fast track your home loan
With interest rates on the rise, now is the time to look at ways to fast track your mortgage. After all, the sooner you pay off your mortgage, the less you will pay in interest.