By Rick Adlam on Saturday, March 20, 2010
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 moving [...]
Posted in Home Loans | Tagged ANZ Bank, Aussie home loans, Basis Points, CBA, Commercial Banks, Finance Markets, Home Loan Rate, Home loan rates, Interest Rate Rise, Interest Rates, Mortgage Markets, Mortgage Rates, Mr Mortgage, Percentage Point, RBA, Westpac
By Rick Adlam on Friday, March 19, 2010
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.
Posted in Australian Economy, Banks, First Home Owners Grant, First time home buyers, Home Buyers, Home Loan Interest Rates, Housing Market, Mortgage Rates, Reserve Bank of Australia | Tagged Borrowers, Home loan rates, Home Loans, Interest Rates, Mortgage Rates, Mr Mortgage, RBA, Reserve Bank Governor, Reserve Bank of Australia
