Home Loans & Mortgages

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 [...]

Home loan mortgage rates set to rise as NZ taxman bites banks. Expect your mortgage intrerates to rise soon. Australia’s major banks, may have to pay $1.8 billion in back taxes in New Zealand after National Bank of Australia yesterday lost a landmark case over structured finance deals dating back nearly a decade. The Commonwealth [...]

Three of Australia’s “big four” banks have announced changes to home loan mortgage lending, credit card, business loans and deposit rates after Wednesday’s increase in official rates. ANZ is the latest to move, putting up its standard variable home loan interest rate to 8.32 per cent. The bank says it recognises the increase in official rates [...]

Reserve Bank of Australia [RBA] raised mortgage interest rates by 25 basis points to bring the official cash interest rate to 4.0 percent The Reserve Bank of Australia raised mortgage interest rates by 25 basis points to bring the official cash rate to 4.0 percent pa.