The recent announcement by the Reserve Bank (RBA) to maintain interest rates at 4.35 % is expected to drive an increase in fixed rate and refinance home loans, according to online digital home lender Tiimely Home.
Formerly known as Tic: Toc Home Loans, the company foresees a surge in customer activity in response to the stable rates.
Belinda Jackson, Tiimely Home’s head of retail, noted a slowdown in the refinance market due to uncertainty over RBA’s decision.
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