Home Loans & Mortgages

The Federal Government’s attempt to blame the states for home mortgage interest rate pressures is complete nonsense and smacks of political desperation, the NSW Government says. NSW Treasurer Michael Costa hit back at suggestions the state governments were increasing home loan interest rate pressures through heavy borrowing for infrastructure projects. The Howard Government is bracing itself for [...]

Finance Minister Nick Minchin has indicated he does not believe an expected hone loans mortgage interest rate rise this week is warranted. The Reserve Bank of Australia (RBA) is widely tipped to raise interest rates this Wednesday by one quarter of one per cent. Mr Minchin today said he did not want to give the RBA [...]

RBA will leave mortgage interest rates on hold for the rest of the year. Mr Mortgage predicts that home loan rates will stay as is till at least Feb 2011. That’s if they don’t come down. Here’s my reasoning. One mortgage interest rate rise too many. I said in May 2010 that the last interest [...]

Loan application rates of the US and Australia are trending up In the US improving predictions and mortgage loan applications moving up with new home sales on the rise. Australia is seeing home prices rise again and moves to address the housing shortage. Australian interest rates increased as the economy in danger of over-heating Australia had [...]

With the home loan and housing markets and residential home construction industry all plunging the Reserve Bank of Australia are now tipped to be lowering the official cash rate by up to one full percentage point on February 3rd 2008. This would bring Australia’s base interest rate to levels not seen since the 1960′s at just [...]