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%
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!
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?
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The Reserve Bank of Australia has left its interest rates options open at its board meeting this afternoon, leaving the official cash rates on hols, as it searches for clues on how the rest of the year will pan out.
Continue reading about Home loan rates on hold as RBA reads the China tea leaves
It is beginning to look like Australia will dodge the recession bullet. Australians’ confidence in the future have risen its best level in nearly two years, as home buyers and homeowners grew more optimistic about an early economic recovery. A predicted slide in house values hasn’t happened, and in many parts of the economy its business as usual.
Continue reading about Home buyers and homeowners confidence highest in 2 years