RBA keeps rates to the hold however, a lot more hikes on route

However, currency specialist Dominic Beattie alerts some people might have to spend lenders mortgage insurance rates (LMI) to possess one minute time in purchase so you can refinance should your equity inside their home is below 20 percent. “The price of LMI by yourself – often several thousand dollars – will get override people small-name savings you’re aspiring to create because of the refinancing, therefore you’ll want to determine whether it’s worth it,” Mr Beattie…