Banks, monetary institutions including central banks, retail banks, investment banks and mortgage banks
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 [...]
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 [...]
