The Reserve Bank of Australia (RBA) has once again opted to keep the official cash rate on hold at 1.5%.

We’ve seen no movement in the official cash rate for over two years, but that doesn’t mean home owners are out of the woods when it comes to possible rate hikes.

Faced with low inflation and high household debt, the RBA believes the best course of action – for now at least, is to maintain a steady cash rate.

However, while the RBA has kept the cash rate on hold, others haven’t.

Around half of the lenders on our panel, including us for our AHL loans, have recently lifted variable home loan rates due to persistent elevated funding costs, with other lenders expected to follow suit.

On the plus side, rates remain at record low levels. But with the rate pendulum looking as though it could start to swing upwards, now is the time to speak with your Aussie Broker to make sure your home loan is still the right one for you.