Home Loans & Mortgages

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 [...]

Australian homeowners and renters on hurting over mortgage rates, reduced family support, housing bubble concerns. Home buyers are disinterested.

So perhaps the RBA hinted interest rate rise won’t happen in June, even thought its still likely and we predicted it last month. New facts have emerged since then.

Some economists now say that home loan interest rate rise could push homeowners and renters over the top as mortgage rates for homeowners and landlords would increase the cost of living. It would also make home buyers stay away from the housing market and further add to falling home values. That would have to hurt bank profits.

Mortgage Rates: RBA may lift rates next month, if not then August As the impact of rising fuel prices and the devastation of the floods hit Australian inflation, major banks are shifting their forecasts for the next official interest rate rise to next month. Inflation will hit interest rates The Reserve Bank of Australia tries [...]

Politics and interest rates don’t mix, but nobody seems to have told Joe Hockey that, so two can play that silly game. The Shadow Treasurer seems to have been touched by Tony Abbott’s “angry stick” and believes there is political mileage in making wild claims without substance. The scary thing is that Joe Hockey was [...]

Home buyers have to cope with the talk of interest rate rises by the RBA being seconded by the banks wanting to raise rates independently to improve their margins on home loans.
So whilst first home buyers may benefit may benefit from house price reductions, homebuyers who bought at the peak of housing prices are likely to feel the stress of higher mortgage repayments.