Reserve Bank of Australia [RBA] raised mortgage interest rates by 25 basis points to bring the official cash interest rate to 4.0 percent The Reserve Bank of Australia raised mortgage interest rates by 25 basis points to bring the official cash rate to 4.0 percent pa.
Continue reading about Reserve Bank of Australia raises mortgage interest rates 0.25%
In a shock move the board of the Reserve Bank of Australia has put off any interest rate increases for the time being. The reason seems to be that the Greedy Banks such as Westpac, who had shamelessly hiked home mortgage rates above the last cash rate increase, had done the damage that a rate increase would have done this week, so no rate increase was called for it seems.
Continue reading about RBA Home Mortgage rates to stay on hold
Home loan fact: Last year Wespac snared approaching 30% of all home loan mortgages in Australia. That’s an outstanding volume by any measure. And now it wants to profit on that “in the bank” business .
Continue reading about Home Loans shock! A premium priced home loan from a savvy bank!
National Rate Falls Sharply Monday, According to Zillow® Mortgage Rate Monitor
Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?
Continue reading about Banks to be Big Brother in credit report profiling
