CLEVELAND, May 8, 2024 /PRNewswire/ -- Embrace Pet Insurance,...
-- Advertisment --
- Advertisement -
Mortgage borrowers are being warned to brace for variable interest rates to potentially rise even more than the official cash rate increases.
Key points:
Banks have to refinance $188 billion in cheap RBA loans by mid-2024
Depositors have not yet seen the full benefits of RBA rate rises passed on, nor mortgage holders the full costs
Analysts warn there could be up to 0.2 percentage points of rate rises above the RBA’s moves
So far, the Reserve Bank of Australia (RBA) has lifted interest rates by 3 percentage points. Many lenders were quick to pass on the increases, in full, to variable home loan customers, but were slow to do so for savers.
Many economists predict that there will be at least two to three more rate hikes before the RBA pauses later this year.
About the editor
Hey there! I'm proud to be the editor of Pet News 2Day. With a lifetime of experience and a genuine love for animals, I bring a wealth of knowledge and passion to my role.
Experience and Expertise
Animals have always been a central part of my life. I'm not only the owner of a top-notch dog grooming business in, but I also have a diverse and happy family of my own. We have five adorable dogs, six charming cats, a wise old tortoise, four adorable guinea pigs, two bouncy rabbits, and even a lively flock of chickens. Needless to say, my home is a haven for animal love!
Credibility
What sets me apart as a credible editor is my hands-on experience and dedication. Through running my grooming business, I've developed a deep understanding of various dog breeds and their needs. I take pride in delivering exceptional grooming services and ensuring each furry client feels comfortable and cared for.
Commitment to Animal Welfare
But my passion extends beyond my business. Fostering dogs until they find their forever homes is something I'm truly committed to. It's an incredibly rewarding experience, knowing that I'm making a difference in their lives. Additionally, I've volunteered at animal rescue centers across the globe, helping animals in need and gaining a global perspective on animal welfare.
Trusted Source
I believe that my diverse experiences, from running a successful grooming business to fostering and volunteering, make me a credible editor in the field of pet journalism. I strive to provide accurate and informative content, sharing insights into pet ownership, behavior, and care. My genuine love for animals drives me to be a trusted source for pet-related information, and I'm honored to share my knowledge and passion with readers like you.