Warren’s take on: Rising interest rates
Warren Dworcan – Managing Director of Finance Detective – comments on recent news.
Currently, there is much talk around what interest rates are likely to do in the near term.
Could the next move in interest rates be up and could it happen relatively soon?
I am of the belief that here in Australia – we are going to see very little interest rate movement from the RBA. This does not necessarily mean that Australian banks and lending institutions will leave things unchanged, as has been the case over the last 12-24 months.
It is important that one keeps a close eye on global markets, as it is generally a good indicator of what lenders are likely to do regarding their lending appetite and rates. It is also a time where maintaining a close working relationship with one’s banking partners is vital.
At Finance Detective, we aim to consistently educate our valued clients and keep them ahead of this ever changing lending environment.