Aussie John pleads for calm
finance-advice
1 minute read

Aussie John pleads for calm

Aussie John pleads for calm

by webmaster | June 01, 2010 | 1 minute read

Founder and chairman of Aussie Home Loans John Symond has called on the RBA to keep interest rates on hold when it meets later today.

by webmaster

Mr Symond said the RBA should leave interest rates on hold until the turmoil in the world money markets and sharemarkets is addressed.

“With so much volatility occurring across the world, especially with Europe’s current debt crisis, and soft economic data coming out in Australia, it would be wise for the Reserve Bank to wait until the effects of the latest interest rate rises and the federal Budget sink in,” he said.

In light of the continuing upward rate trend, Mr Symond said there was no better time for home owners and credit card holders to see a mortgage broker and investigate their own financial situation.

“Aussie’s research shows that home owners who refinance through a mortgage broker generally save up to 0.75 per cent on the standard variable rate, which could amount to tens of thousands of dollars over the life of the mortgage,” he said.

share the article

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web