Home Loans & Mortgages

Australia’s financial markets were taken by surprise when the tipped 0.5% cash rate reduction was doubled to a massive 1%pa reduction to 6%pa. According to Mr Mortgage said that this was the largest rate reduction since the early 1990′s and shows that the last interest rate rise was one too many, and that the RBA is now [...]

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 [...]

The Reserve Bank of Australia has left its interest rates options open at its board meeting this afternoon, leaving the official cash rates on hols, as it searches for clues on how the rest of the year will pan out.

Mortgage Rates in Australia the lowest in 45 years. Mortgage Interest rates are now at their lowest point in 45 years with the news that the RBA has cut the official cash rate 100 points this afternoon to 3.25 per cent per annum. Westpac passes on the Full Rate Cut Out of the big banks, [...]

National Australia Bank [NAB] is continuing its home loan assault on its bigger rivals by announcing the launch of new discount online home loans, designed and pitched at its main rivals weaknesses. NAB has released its home loans online under its UBank brand NAB’s UBank’s standard variable rate is currently 7.05 per cent pa which is the lowest [...]