Home Loans & Mortgages

In a see sawing day on Wall street, US stocks finished lower for for the 5th straight day as the meltdown continues, with US Banks leading the route. Mr Mortgage says that are are hopes that Australia’s market will be higher on Monday on Futures trades, but that does not take into consideration people ready [...]

It is beginning to look like Australia will dodge the recession bullet. Australians’ confidence in the future have risen its best level in nearly two years, as home buyers and homeowners grew more optimistic about an early economic recovery. A predicted slide in house values hasn’t happened, and in many parts of the economy its business as usual.

The Housing Industry Association says that new home construction and home sales dropped 0.8 per cent last month due to a big drop in the sale of units. The Housing Industry Association (HIA) says that new home construction and sales dropped 0.8 per cent last month due to a big drop in the sale of units and [...]

Home loan fact: Last year Wespac snared approaching 30% of all home loan mortgages in Australia. That’s an outstanding volume by any measure. And now it wants to profit on that “in the bank” business .

RBA will leave mortgage interest rates on hold for the rest of the year. Mr Mortgage predicts that home loan rates will stay as is till at least Feb 2011. That’s if they don’t come down. Here’s my reasoning. One mortgage interest rate rise too many. I said in May 2010 that the last interest [...]