Home Loans & Mortgages

The Commonwealth Bank of Australia [CBA] has just dropped the home loan rate on its recently introduced ”no fee” home loan offer to 7.11% in response to other major players offering deep discounts in order to attract home buyers and mortgage refinance customers in a slow mortgage market.

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 [...]

A recovering jobs market could be the trigger an interest-rate rise next month, or use tightening credit standards to curb housing demand.

Home loan fact: Last year Wespac snared approaching 30% of all home loan mortgages in Australia. That’s an outstanding volume by any measure. And now it wants to profit on that “in the bank” business .

Reserve Bank of Australia [RBA] raised mortgage interest rates by 25 basis points to bring the official cash interest rate to 4.0 percent The Reserve Bank of Australia raised mortgage interest rates by 25 basis points to bring the official cash rate to 4.0 percent pa.