2024 is the year to ‘stabilise’ your mortgage as interest rates steady

Dawn Thomas, Senior Financial Adviser, recently shared her expertise with The New Daily on stabilising your budget in 2024.

With interest rates predicted to stay steady, Dawn advises that this year is about “catching up”.

She reflects that many families have run down emergency savings to meet repayments over the past year, so replenishing these savings should be the priority. Now isn’t the time to bank future rate cuts as an opportunity to increase spending.

“This is a reset year; if rates do come down, you can continue the same repayments to build up more of a buffer in your loan.”

Read the full article here: https://www.thenewdaily.com.au/finance/finance-news/2024/02/09/mortgage-interest-rates-2024 – Published by The New Daily on 2 February 2024