By Rick Adlam on Sunday, March 21, 2010
Accumulative home loan mortgage interest rate rises, coupled with higher home prices around Australia have pushed housing affordability to its lowest level on record.
The Commonwealth Bank of Australia – Housing Industry Association (HIA) Quarterly Review of Housing Affordability for the September quarter showed the index falling 2.1 per cent to be 8.3 per cent lower than [...]
Posted in Banks, Commonwealth Bank, Home Loan Interest Rates, Housing, How to Invest in Property, Interest Rates | Tagged HIA, housing affordability
By Rick Adlam on Sunday, March 21, 2010
With most pundits, includingMr Mortgageexpecting the RBA to reduce the cash rate by 0.5% this month, it would be folly to fix your rate right now.
I realise that the “security” of a fixed interest rate may seem attractive in these uncertain times, but isn’t that precisely the reason why you should stay uncommitted?
Yes I also [...]
Posted in Banks, Home Loan Interest Rates, Home Loan Mortgage Finance, Home Loans, Homeowners, Interest Rates, Lending, US Finance | Tagged Fixed interest rate home loans, variable rate loans.
