Home Loans & Mortgages » Westpac

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

Rick Adlam — Wed, 09 May 2012 22:15:05 +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: Are Choice being paid by the banks to do promos?

Rick Adlam — Wed, 09 May 2012 10:19:59 +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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Mortgage Fees: Will mortgage “exit fee” ban undo homebuyers

Rick Adlam — Sat, 28 Apr 2012 22:11:23 +0000

Mortgage fees: The Australian Labor government is about to legislate against home loan exit fees. Is this good or bad news for new home buyers ? From July 2011 home loan exit fees will be banned if the Government can pass its legislation to abolish them. The purpose of banning mortgage exit fees [or deferred [...]

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