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.
Continue reading about Home loan rates on hold as RBA reads the China tea leaves
Mr Mortgage believes that the deep home loan interest rate cuts will generate buying activity in Queensland’s stalled housing market.
New home and established homes have slumped recently across Queensland, with the exception of mining areas, but interest rate cuts will give new confidence to home buyers, and help those wanting to sell their homes and build again [...]
Continue reading about Home loan interest rate cut brings home buyers back to housing market
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 [...]
Continue reading about Home loan rates tumble as RBA slashes cash rate by 1%