Mortgage Rate Articles
No end in sight to rate hikes
DRAMATICALLY higher resource prices have emboldened the Reserve Bank to lift interest rates for the fifth time in seven months, making it clear there is no end in sight.
Banks holding RBA line - for now
MORTGAGE holders can breathe a guarded sigh of relief after the first official rate rise of the year. Each of the lenders that has responded has passed on no more than the Reserve Bank's 0.25 percentage point increase.
Rubbery figures disguise true cost of living
DO YOU reckon your own rate of inflation is higher than the official rate of 2.1 per cent?
Get preapproved before you start looking for a mortgage loan
Obtaining a mortgage loan might be tough these days. Therefore, while shopping for a new home, its better you become pre-approved prior to beginning your search or making an offer to a home seller.
RBA: banks covering more than costs
THE Reserve Bank appears to have suggested that major banks recouped more than just the increase in funding costs when some raised mortgage rates by more than this month's rise in official cash rates.