Daily Archives: August 1, 2022

Interest rates are rising – what can you do if your repayments are too high?

In July the Reserve Bank of Australia (RBA) continued its trend of increasing the cash rate, moving it for the third month in a row from 0.85% to 1.35%. According to our market research, all market lenders, including LJ Hooker Home Loans, increased variable interest rates on home loans in line with the cash rate…

Fixed rate ending in the next 3-6 months? Prepare for higher repayments with these 5 steps

The cost of living is putting pressure on Aussie households, so the Reserve Bank of Australia (RBA) has started raising the cash rate in an attempt to curb inflation. This has meant lenders are hiking interest rates on home loans and repayments are going up. If you’re on a variable interest rate, chances are you’re already…