Economist Stephen Koukoulas predicts major savings for homeowners

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Economist Stephen Koukoulas predicts that homeowners could soon save hundreds of dollars monthly, as there’s a strong likelihood the Reserve Bank will begin cutting interest rates at its February 18 meeting.

Money markets have already priced in nearly four 25 basis point cuts by mid-2026, which will lower mortgage repayments for homeowners and small business loan holders.

These rate cuts will free up cash for borrowers, potentially boosting consumer spending or debt reduction, supporting economic growth and a healthy labor market.

For example, a 25 basis point cut on a standard 25-year principal and interest mortgage at 6.25% would reduce repayments by $16 per month for every $100,000 in debt. However, the impact will vary based on loan terms and individual conditions.

Source: Yahoo Finance.

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