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
If the Mortgage Broker explains to the customert that they are offering a no cost home loan service to them, because the lenders are paying them a commission for introducing the home loan to the lender, they are being honest in my view.
If on the other-hand the mortgage selected favours the mortgage broker and his or her own personal interest, then it seems to me that the mortgage broker would have to be considered dishonest.
Continue reading about Are Mortgage Brokers honest with home buyers and refinancing homeowners?
Australia’s financial markets were taken by surprise when the tipped 0.5% cash rate reduction was doubled to a massive 1%pa reduction to 6%pa.
According to Mr Mortgage said that this was the largest rate reduction since the early 1990’s and shows that the last interest rate rise was one too many, and that the RBA is now moving [...]
Continue reading about Home loan rates tumble as RBA slashes cash rate by 1%
