Homeowners can breathe a sigh of relief today, knowing interest rates are unlikely to change before Christmas.

The Reserve Bank opted to keep rates on hold in December, and as the RBA’s board is taking a two month breather, borrowers can all enjoy Christmas with less worry about rising interest rates.

If you’re beginning to think the RBA’s meetings are taking on a Groundhog Day feel, you’re absolutely right.

The cash rate has now been on hold at 1.5% for 16 months as the RBA juggles the upsides of an improving global economy with the downside of low wage growth and rising household costs here in Australia.

But this Christmas, why not try and give yourself the gift of a home loan rate cut of your own? If it’s been a while since you reviewed your home loan, you could be paying more than you need to.

End the year with a free home loan health check with your Aussie Broker – or book one in for the New Year – and see how your mortgage stacks up.