Home Loans & Mortgages » Westpac

Interest rates: CBA will raise interest rates without the RBA, and why its good news

Rick Adlam — Sun, 29 Jan 2012 09:12:42 +0000

The Reserve Bank is ready to pull the trigger on interest rates. Inflation is getting a bit on the high side and unemployment looks like falling even lower, so the RBA will feel compelled to raise rates. However if the CBA and other baks follow suit, then they will have done the RBA's job, and official rates could remain as they are for now.

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

Home Loans: Are Choice being paid by the banks to do promos?

Rick Adlam — Sat, 28 Jan 2012 21:13:08 +0000

If you can get a better loan interest rate just by asking, what does that tell you about the bank? Its ripping all their clients off! So why would you continue to do business with them at all? As an analogy, if you discovered your baker was taking a slice out of every loaf he sold you for the last two years, would you be happy if he just said he would stop robbing you from now on? No. So why does this logic not apply to home loans?

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

Interest rates: CBA cuts mortgage rate on “no-fee” discount home loan

Rick Adlam — Sun, 15 Jan 2012 09:13:34 +0000

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.

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