-
Fixed rate cycle tipped to turn
- July 25, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Interest rate, Wealth
No CommentsDespite a spate of recent data indicating that the popularity of fixed rates is waning, now might be the right time for mortgage holders to fix their loan. Fixed rates are very low at the moment lower than they have been in years and as such, borrowers should think about fixing part or all of their home
-
ANZ hike interest rates
- November 11, 2010
- Posted by: admin
- Category: Finance News, Home loan product, Interest rate
ANZ has become the second bank in as many weeks to move out of cycle with the RBA. Yesterday the major lifted its standard variable mortgage rate and business lending rates by 0.39 per cent – well above the RBA’s 25 basis point cash rate hike, but just shy of CBA’s 0.45 per cent rate
-
ANZ lifts home loan LVR for existing customers
- April 12, 2010
- Posted by: admin
- Category: Finance News
In a further sign that competition is starting to re-emerge, ANZ has recently lifted its home loan to value ratio (LVR) to 95 per cent for existing customers with a strong credit history. ANZ was the first major Australian bank to tighten its credit policy in response to the global financial crisis, lowering its maximum
-
Westpac Predict Home loan rates to hold for now
- April 1, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank Board next meets on April 6. Markets are currently pricing a probability of around 60% that the Board will decide to lift rates by a further 25 bp’s. While we have consistently argued that all Board meetings over the course of 2010 are likely to be ‘live’, we do not expect to
-
Loan defaults to rise: Fitch
- January 14, 2010
- Posted by: admin
- Category: Finance News
Loan defaults are expected to rise over the coming year as interest rates return to more neutral levels and the government stimulus measures are progressively wound back. According to Fitch Ratings semi-annual report on the major banks, impaired assets rose significantly during 2009, at a time of considerable fiscal stimulus and emergency low monetary policy