I know most will be cursing, but I'm happy that at least the savings rate will go up. And so will the Aussie dollar!
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http://au.news.yahoo.com/thewest/a/-/newshome/6147184
BREAKING NEWS: Homeowners face an immediate increase in their mortgage repayments after the Reserve Bank lifted official interest rates a quarter percentage point.
In a sign the Reserve believes the Australian economy is increasingly strong, the RBA used its monthly meeting this morning to take rates to 3.25 per cent.
It is the first increase since March last year, and follows 4.25 percentage points worth of cuts in the wake of the global financial crisis.
The move will add almost $46 a month to the repayments on a $300,000 mortgage.
Post Date: 6 Oct 09
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