RCR Finance Bulletin # 19 - Monday 10th November, 2008

INTEREST RATES AT 5 YEAR LOW!

The  interest rate reduction handed down by the RBA on Tuesday 5 November was warmly received by all of us. 

An announcement of a further 0.75% cut to the official rate in addition to the September 0.25% and October 1% cuts, brings rates to a near five year low - industry figures rallied in support of the central bank's decision. 

The interest rate cuts to date (with more potentially to follow) provide an opportunity for many Australians to enter the home ownership market for the first time. This coupled with the Victorian State and Federal governments increase to the First Home Buyers grants  from $10K - $17K for existing homes, and the increase for newly built homes from $17K to $26K. 

Now is a great time to contact us to see how we can assist you, your family or friends get into a new home.  

Even if you have an existing loan, now is a great time to call us for a no obligation mortgage health check to see if you still have the most appropriate loan to suit you. 

Simply for having an appointment with us you will receive an entry into our latest competition for your chance to WIN a $9500 Flight Centre gift voucher. 

We look forward to hearing from you, simply reply to this email with your interest or call the office today on 9726 2000