Interest Rates stay the same... for now - 2004-02-04
The Reserve Bank has held its fire - but some analysts believe its decision to leave interest rates as is could prove to be only a 28-day reprieve for Australia's heavily indebted borrowers.

The Reserve had expressed concern about rising household debt and the unsustainable housing bubble, key reasons for the back-to-back increases in November and December last year which took the rate on a standard variable mortgage to about 7.07 per cent.
Read the full story at Melbourne Age

Rates reprieve, but borrowers still feeling the pressure - 2004-02-04
Home borrowers were spared a third interest rate hike yesterday, but the reprieve might be short lived. The Reserve Bank board announced it would leave the official cash rate unchanged at 5.25 per cent.

They are converting their variable interest rate mortgage over their investment property - they rent their home - into a two-year fixed rate mortgage. They said recent rates increases had affected their ability to make additional payments.
Read the full story at Sydney Morning Herald