Pexa News & Insights
Property Insights and Reports
Property and mortgage markets surge ahead as interest rates stabilise
The Reserve Bank of Australia’s (RBA) Board held the cash rate steady at 4.10% for a fourth consecutive month today, increasing hopes that this may be the peak in the current rate-rising cycle. New data released by PEXA today confirms that loan refinancing activity remains close to record highs this month, as more mortgage-holders proactively adjust to the ‘new normal’ of higher interest rates and avoid falling over the ‘mortgage cliff’.
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