Home Loans & Mortgages

NAB and Aussie Home Loans are the latest lenders to join the rush to cut rates, following ANZ’s lead.

Australia’s Federal Labor Government plan to enter the home loan mortgage finance business will boost confidence in the non-bank mortgage sector and increase competition. Treasurer Wayne Swan said he will initialling invest $4 billion to revive the non-bank mortgage market and get the banks honest to pass on future rate cuts in full. Mr Mortgage hopes that [...]

The Reserve Bank of Australia (RBA) said three interest rate rises in 2006 had dampened recent demand for housing finance. Australia’s central bank said in its quarterly statement on monetary policy that upward movements in the cash rate in May, August and November last year had brought housing loan rates to a level that was [...]

The Green bank fees and interest rate agenda
The Greens have bills before parliament to:
Regulate interest rate rises by ensuring banks charge no more than a fixed amount above a base rate,
Force banks to offer basic, free transaction accounts to all customers,
ban Bank ATM withdrawal fees and to cap mortgage exit fees.

The Reserve Bank of Australia Board meets today to decide the fate of homeowners home loan rates, and whether to raise interest rates Our tip is that home loanrates will stay as is. The RBA will not raise the official cash rate till the picture of the Australian and World Economies becomes clearer. Sudden collapse [...]