Our trusted broker Jonathan has assisted a number of our clients get a mortgage, refinance and provide general updates on what we’re seeing in the market. If you would like to speak with Jonathan today, get in touch – Call 9939 5400. The Reserve Bank of Australia (RBA) increased the official cash rate by 50 basis points to 0.85% at Tuesday’s board meeting marking the first back-to-back rate rise in 12 years. With all four of the major banks raising rates by 0.50%, it looks likely that most lenders will follow the RBA increase. For homeowners, now is the time to be contacting your bank or mortgage broker to ensure you are in the best position possible. Many banks are offering huge cash rebates for refinancing, so exploring your options could lead you to saving thousands a year on your mortgage. Finance Market Update Lender Service Levels • Service levels