The Reserve Bank has no need to cut interest rates tomorrow according to the Australian National University.
Now that the big four banks have all lifted their mortgage rates after Westpac made the first move, it could put the onus on the RBA to again cut their official rate on Melbourne Cup day.
It seems customers are increasingly happy with mortgage and finance brokers.
The latest figures from the Credit and Investment Ombudsman (CIO) show consumer complaints against mortgage and finance brokers have fallen over the 2015 financial year.
New research predicts Melbourne to overtake Sydney as the best performing capital city market in 2016.