Home Loans & Mortgages

Mortgage home loan interest rates should stay low for the next few months as long as inflation is low, then interest rates should stay as is for home buyers and homeowners.

Australian homeowners blessed with a Goldilocks economy: not too hot for rates to rise, and not too cold to cause unemployment to be a concern.
Over time the direction for mortgage interest rates seems higher, as low unemployment may drive inflation higher in 2011 to 2012.

More good news for mortgage payment strapped home owners! As we predicted in May 2010, the Reserve Bank of Australia will likely leave official interest rates on hold till later in the year or even till February 2011.
The board of the Reserve Bank of Australia will be meeting today in Adelaide [in the still striking building across Victoria Square from where my business used to be] to consider its decision.

The deposit guarantee enjoyed by Australia’s banks for their customers deposits ended last year after comments by Reserve Bank of Australia’s [RBA] Governor Glenn Stevens were heeded.
Australia’s mortgage home loan finance costs were probably lowered as a result of the Government guarantee, and desposit customers concerned about any banks strength would have otherwise fled to other banks overseas that issued guarantees.

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 [...]