Mortgage holders warned of rate rise

Don't expect interest rates to stay still despite the Reserve Bank's decision to keep the official cash rate on hold - that's the warning from one rate watcher.

The central bank maintained the cash rate at 1.75 per cent today and so far there has been no change in either home loan or deposit rates from the major banks.

But Canstar, which monitors rates closely, has warned that home loan rates will continue to rise this year.

Don’t expect interest rates to stay still despite the Reserve Bank’s decision to keep the official cash rate on hold – that’s the warning from one rate watcher.

The central bank maintained the cash rate at 1.75 per cent today and so far there has been no change in either home loan or deposit rates from the major banks.

But Canstar, which monitors rates closely, has warned that home loan rates will continue to rise this year.

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