Home Loans & Mortgages

Lower interest rates are magnets to struggling mortgage belt voters. so Tony Abbott seems to be on safe ground, except the RBA Governor seems to have torpedoed Liberal main election plank.

Mortgage interest rates are never far from voters minds, and especially at election time. Mortgage interest rates may go up during the election and that may affect the outcome, as homeowners feel mortgage stress even with low mortgage rates that we now enjoy. So hearing outright lies about one or the other being the holder [...]

With the home loan and housing markets and residential home construction industry all plunging the Reserve Bank of Australia are now tipped to be lowering the official cash rate by up to one full percentage point on February 3rd 2008. This would bring Australia’s base interest rate to levels not seen since the 1960′s at just [...]

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?