Why the big banks won’t help you refinance during a downturn.

 
The RBA decided to leave interest rates at 4.1 percent.

But here’s the question. When a central bank decides to leave rates on hold because they are fearful about the economy – is that good or bad news?

So some relief for now but we’ve been warned more hikes are on the way.

Except for a brief pause in April the Reserve Bank has lifted rates from near zero to an 11-year high of 4.1 per cent in almost 12 consecutive meetings.

And if things are getting so tough, why are the banks and financial institutions declining borrow’s attempts to refinance? #bank #rba #home loan #featured