Home Loans & Mortgages

A price war in Australia’s mortgage home loan market is under way, with National Australia Bank following ANZ and Aussie Home Loans in reducing home loan interest rates.

In a see sawing day on Wall street, US stocks finished lower for for the 5th straight day as the meltdown continues, with US Banks leading the route. Mr Mortgage says that are are hopes that Australia’s market will be higher on Monday on Futures trades, but that does not take into consideration people ready [...]

It is beginning to look like Australia will dodge the recession bullet. Australians’ confidence in the future have risen its best level in nearly two years, as home buyers and homeowners grew more optimistic about an early economic recovery. A predicted slide in house values hasn’t happened, and in many parts of the economy its business as usual.

Reserve Bank of Australia’s Governor, Mr Glenn Stevens gave a big hint as August as likely time for another move to increase interest rates. That would mean a flow on to mortgage home loan interest rates within days. Australia has three nice problems to have: A positive trade boom Mostly created by a mining boom [...]

Professional Home loan packages or ‘pro packs’ were once restricted to people with high income professions and qualifications such as doctors, lawyers, accountants and engineers and senior managers. But now they’re available to any home buyer and, in some cases, require combined borrowings of just $150,000 to activate. As the average mortgage home loan is now around [...]