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Finance Specialist: Rates have been cut, now what?
Published 10 months, 2 weeks ago
Description
Following the Reserve Bank's third rate cut of 2025, borrowers will be seeking the expert support of a broker. Communication is key, and brokers should proactively discuss rate cuts with clients and lenders.
This was the topic of discussion in this week's episode of Finance Specialist, with special guest Tony MacRae, chief commercial officer at Bluestone Home Loans.
Business opportunity is likely to boost with the subdued rates. Brokers can benefit by expanding their skill set into self-employed or commercial lending to capture more clients.
More rate cuts are expected before year end, which could further stimulate borrowing and spending. Brokers should stay informed and leverage lender resources to better serve clients.