Home Loans & Mortgages » rate increase

Mortgage Rates: expect a mortgage rate rise without the RBA

Rick Adlam — Fri, 18 Nov 2011 21:23:12 +0000

The major banks will have to raise mortgage interest rates, without the Reserve Bank moving rates sooner or later, and the RBA knows this. The RBA can now sit back and watch the major banks squirm, knowing they're under pressure to raise rates. This tension will create more uncertainty of a rate rise in November and by then the banks will have to move on mortgage rates even if the RBA sits on its hands. Result? The RBA can leave interest rates as is because the major banks will do its job for them.That is, if cooling the housing marking further is one of its aims.

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Home Loans & Mortgages - Lower Your Interest Rates: Home Loan News & Mortgage Tips

Interest rates: Fixing our Mortgage and home buying problems

Rick Adlam — Thu, 17 Nov 2011 21:17:32 +0000

In that article I have suggested that Interest rates rises concerns for Australian home buyers and homeowners need to be addressed by the RBA and the Government about bank policies in relaxed lending. There is evidence that any mortgage rate increase will lead to mortgage stress for a lot of homeowners who has overcommitted of mortgage finance, either recently, or by buying at the top of the real estate market.

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Home Loans & Mortgages - Lower Your Interest Rates: Home Loan News & Mortgage Tips

Interest Rates: RBA will leave rates as is because home prices will fall regardless

Rick Adlam — Thu, 17 Nov 2011 09:25:02 +0000

The RBA may see raising interest rates now as a chance to nail the house price rises and get home values to slide even further. On the other hand leaving interest rates as is would hurt currency traders trying to second guess the RBA board, and in any case, house prices are already trending down, and are predicted to do so for some time. My money is on the RBA sticking it to the currency traders and leaving interest rates as is.

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Home Loans & Mortgages - Lower Your Interest Rates: Home Loan News & Mortgage Tips