Mortgage Interest Rates 2024 Predictions Australia

Mortgage Interest Rates 2024 Predictions Australia. This year, we might see the first rba rate cut since 2020. But any changes to mortgage bills will depend on what comes out of the reserve bank of australia (rba) meeting this week.

After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024. Interest rates will decrease when inflation reaches the 2% to 3% rba target band, predicted for late 2024 or early 2025.