Home Loans & Mortgages

Uptake of fixed interest rate home loans have fallen to the lowest rate in almost two years, but may rise again as fears escalate of an increase in interest rates. Australian Finance Group (AFG) general manager of sales and operations Mark Hewitt said a decline in fixed rate mortgages in July indicated property buyers were not [...]

Home loan rates could be on the way up again as early as August, presenting Prime Minister John Howard with fresh political problems as housing affordability takes a tumble. New inflation figures released yesterday came in at a higher than expected 1.2 per cent for the June quarter, sparking fears of an imminent rise. Annual inflation sits [...]

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 (RBA) said three interest rate rises in 2006 had dampened recent demand for housing finance. Australia’s central bank said in its quarterly statement on monetary policy that upward movements in the cash rate in May, August and November last year had brought housing loan rates to a level that was [...]

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 [...]