-
Interest Rates to hold
- August 17, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, Inflation, Interest rate, Wealth
No CommentsWhile I have been in the camp of predicting the RBA will move to lower rates before Xmas, in reading their minutes from the August board meeting, I actually think unless the world totally goes to cactus they will simply hold cash rates at 4.75%. The RBA appears unmoved in its fight against structural inflation
-
Lenders battle over fixed interest rates
- March 15, 2011
- Posted by: admin
- Category: Enconomy, Home loan product, Inflation, Interest rate
Competition amongst the banks is heating up in the fixed rate arena with ANZ the latest to announce changes to its two year fixed loans. Last week, ANZ became the third lender in as many days to slash its rates, cutting its two year fixed rate by 5 basis points, taking it to just 7.19
-
Fixed interest rate demand falls
- March 7, 2011
- Posted by: admin
- Category: Bank Profits, Home loan product, Interest rate
A spate of attractive variable rate promotions from Australia’s largest lenders has resulted in reduced appetite for fixed rate mortgages. Demand for fixed rate products fell last month the first fall since July 2010. The appetite for fixed interest rates is now at its lowest since October 2010. Last month’s fall in demand coincides with
-
Fixed interest rates to climb
- September 23, 2010
- Posted by: admin
- Category: Finance News
After months of cuts, lenders may be starting to once again raise the interest on their fixed rate mortgages. The yield curve has moved up 30-40bps in fixed rate terms since the start of the month – driven mainly by RBA Governor comments this week. CBA and ANZ moved last week (ANZ 3 year at
-
Westpac increases fixed rates
- January 13, 2010
- Posted by: admin
- Category: Finance News
Westpac has confirmed yesterday that it will lift interest repayments on its fixed rate mortgages by as much as 0.25 per cent. Westpac senior media relations manager Jane Counsel told Mortgage Business that higher funding costs and market rate movement had forced the bank to lift its rates. “We are moving in line with the