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.
Continue reading about Reserve Bank of Australia raises mortgage interest rates 0.25%
In a shock move the board of the Reserve Bank of Australia has put off any interest rate increases for the time being. The reason seems to be that the Greedy Banks such as Westpac, who had shamelessly hiked home mortgage rates above the last cash rate increase, had done the damage that a rate increase would have done this week, so no rate increase was called for it seems.
Continue reading about RBA Home Mortgage rates to stay on hold
The deposit guarantee enjoyed by Australia’s banks for their customers deposits may be ending soon if recent comments by Reserve Bank Of Australia’s Governor Glenn Stevens are heeded.
Australia’s mortgage home loan finance costs were probably lowered as a result of the Government guarantee, and desposit customers concerned about any banks strength would have otherwise fled [...]
Continue reading about Australia’s Banks to stand on their own strengths
The fact is that the banks are not the home loan market, or the housing market; they represent a minor part of it, but they have an unfair amount of power, and have used that power in my view to profiteer on the back of the mortgage belt, at a time when other businesses were suffering.
Continue reading about Have home loan interest rates hit rock bottom, or is there more to go?
The Reserve Bank of Australia has left its interest rates options open at its board meeting this afternoon, leaving the official cash rates on hols, as it searches for clues on how the rest of the year will pan out.
Continue reading about Home loan rates on hold as RBA reads the China tea leaves
