Breaking News: Cash Rate Cut by 0.25%.

The Reserve Bank of Australia (RBA) just cut the cash rate** by 0.25% - a welcome move for borrowers, finally delivering on what many were hoping for. This is good news, but don’t expect your bank to pass the full cut on straight away.

Many lenders take their time - or sometimes don’t fully pass it on at all. Are you going to let that slide?

What happens when you refinance?

A lower home loan interest rate can:

• decrease your home loan repayments

• save you $$$

• helps build up your savings buffer for the future.

Some Aussie mortgage holders are still paying over $1,250 more per month for their home loans than at this time last year^.

Switching your current home loan could save you thousands.

Compare Club has hundreds of home loans from over 50 lenders - including some that are only available via a broker.

Over 20,000## households contacted Compare Club last year to get a better deal on their home loans. Speak to our brokers today.#

Disclaimer:

The information contained in this email is of general nature only and has been prepared without taking into consideration your objectives, needs and financial situation. You should check with a financial professional before making any decisions. Any opinions expressed within an article are those of the author and do not specifically reflect the views of Compare Club Australia Pty Ltd. *Based on a mortgage balance of $600,000 over a 25 year loan term, with principal and interest repayments, and a starting interest rate of 6.13% which is the ABS’s average variable rate as of December 2024. **https://www.rba.gov.au/statistics/cash-rate/ ^Increase is calculated on a mortgage balance of $600,000 with principal and interest repayments, a starting rate of 1.79% over a 25 year loan term and the cumulative RBA cash rate decisions announced since May 2022 to date. ##Based on internal Compare Club data. #Compare Club compares selected products from a panel of trusted lenders. We do not compare all products in the market.