Will Mortgage Rates Go Down In 2024 Australia

Will Mortgage Rates Go Down In 2024 Australia. The cash rate has increased a great deal since may 2022 but when will it finally begin falling? Over the last two years, the rba has been chasing runaway inflation with tighter monetary policy, aka rate hikes.

As of july 2024, cba and westpac expect the rba to start cutting rates in. In the first couple of months of 2024 commentary economists began speculating whether interest rates would be cut this year.