Mortgage Rate News
Get preapproved before you start looking for a mortgage loan
Thursday February 4, 2010
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
Wednesday December 16, 2009
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.Banks quick out of the barriers on rate rise INTEREST RATES
Wednesday November 4, 2009
AUSTRALIA'S big four banks have moved quickly to hit home loan customers with another interest rate rise after yesterday's move by the Reserve Bank.Fixed-rate Trap Snares 43,000 Home Owners
Thursday December 4, 2008
MORE than 40,000 unlucky people have been caught out in a fixed mortgage rate trap, having taken out their loan at the highest fixed interest rates in a decade, denied any saving from the recent cuts and confronting costly break fees if they decide to refinance.Lender Drops Home-loan Rate To 3.99%
Saturday November 22, 2008
FEDERAL Government money is funding the country's cheapest mortgage rate.Will there be another mortgage rate reduction?
Tuesday September 30, 2008
The crisis on Wall St and its adverse effect on the Australian stock market has thrown further rate reductions by the RBA into doubt.Surviving a mortgage rate rise
Wednesday July 2, 2008
When the mortgage rate rises, you will have to make a decision as to whether it is time to cut your losses and sell or find a way to afford your new repayments.Will the banks raise your mortgage rate?
Thursday May 15, 2008
Many banks have raised their mortgage rate higher than the official rises of the Reserve Bank of Australia (RBA) but will this trend continue?Anz Lifts Mortgage Rates Again
Friday April 25, 2008
ANZ Bank sent its mortgage holders into the long weekend with yet another rate rise yesterday, lifting its variable mortgage rate by 0.10 percentage points to 9.47 per cent - the highest of Australia's big four banks.Will the mortgage rate rise further?
Monday April 7, 2008
Mortgage rate rises have become the hot topic of discussions about personal finance in the past twelve months, as the consecutive and frequent interest rate rises from the Reserve Bank of Australia (RBA) have put pressure on working families with a mortgage.Mortgage rate to rise after RBA announcement
Tuesday March 4, 2008
Today, the Reserve Bank of Australia (RBA) announced a further 0.25% interest rate rise to 7.25% for the target interest rate, meaning more bad news for the average mortgage rate.Having a mortgage in times of high rates
Friday February 29, 2008
Paying off a mortgage is hard enough in the best of times, but it becomes much harder when mortgage rates are far higher than when you first took out the mortgage. As the economy is such a flexible system, how do you deal with such an ever-changing environment?Treasurer Wayne Swan believes tax cuts will address wage growth issue
Wednesday February 27, 2008
In a speech given to business leaders, Australian Federal Treasurer Wayne Swan has assured unions that the $31 billion in promised tax cuts over the years to come will be enough to take the thumbscrews off family budgets, as it would give them more money and possibly a better mortgage rate in the future.More Mortgage Rate Pain On Way
Monday February 25, 2008
THE big banks are considering a top-up mortgage rate rise in addition to a Reserve Bank-sanctioned increase if, as expected, the official cash rate is lifted by a further 25 basis points early next month.Swan fumbled the ball
Wednesday January 16, 2008
The blame game is already underway in Australian politics with opposition treasury spokesman Malcolm Turnbull declaring Wayne Swan has "fumbled the ball" with the banks lifting mortgage rates ahead of any official rise announced by the Reserve Bank of Australia next month.Westpac Sets About Rams Rehabilitation With Rate Cut
Saturday January 5, 2008
WESTPAC yesterday offered a sign of how it will use its newly acquired RAMS home loans business to challenge its rivals when it cut the high-profile brand's standard mortgage rate to below the level of the rise just announced by National Australia Bank.Mortgage rates tipped for February rise
Wednesday November 28, 2007
Mortgage rates are tipped to rise in February despite Kevin Rudd being swept to power at Saturday's federal election.