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First major slashes rates to record low
- February 4, 2015
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Investment Property, Self Managed Super Funds, Wealth
No CommentsOne major bank has passed on the full rate cut by slashing its variable, three- and five-year fixed-rate home loans. Commonwealth Bank today announced it will reduce its standard variable rate (SVR) by 0.25 per cent per annum. Its three-year and five-year fixed-rate products will also be reduced by 0.25 per cent and 0.30 per
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Fix or not: Home Loans
- September 12, 2014
- Posted by: admin
- Category: Finance News, Financial goals, Home loan product, Interest rate
A drop in fixed rates by a number of banks and lenders has increased the number of borrowers who are fixing their home loans. If you decide to do the same, make sure you are fixing for all the right reasons not just the lure of a cheap rate. Be fully informed of the implications
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Rates on hold…for now
- March 5, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank of Australia failed to surprise industry pundits today, with the board opting to leave the official cash rate on hold. This is the second consecutive board meeting that the RBA has decided to leave rates on hold at 3 per cent. Home owners would certainly welcome lower repayments but the RBA has
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Fix or not?
- February 15, 2013
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, Interest rate, Wealth
A drop in fixed rates by a number of banks and lenders has increased the number of borrowers who are fixing their home loans. If you decide to do the same, make sure you are fixing for all the right reasons not just the lure of a cheap rate. Be fully informed of the implications
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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
Despite 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
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Westpac rate adjustment could be sign of things to come
- May 1, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, Interest rate, Wealth
Westpac’s decision to increase its standard variable rate discount could be a sign that the lender expects the Reserve Bank to cut rates at today’s Board meeting. Yesterday, Westpac announced it would increase its standard variable discount to 0.70 percentage points from 0.40 per cent to home loans from $150,000 on the same day the Reserve
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Fix or not?
- March 28, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Home loan product, Interest rate, Wealth
A drop in fixed rates by a number of banks and lenders has increased the number of borrowers who are fixing their home loans. If you decide to do the same, make sure you are fixing for all the right reasons not just the lure of a cheap rate. Be fully informed of the implications
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ANZ Ignore RBA & Increase Rate
- February 10, 2012
- Posted by: admin
- Category: Bank Profits, Budget, Enconomy, Finance News, Financial goals, Home loan product, Inflation, Interest rate, Wealth
ANZ today announced it will increase interest rates for variable rate mortgages and small business lending by 0.06%pa. This is the first time the bank has moved to increase its rates independently of the RBA’s cash rate since it announced its split with the central bank’s pricing in December last year. According to a statement
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Take Some Risk Off The Table
- November 18, 2011
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The opportunity to take some risk ‘off the table’ and lock in remarkably low fixed rates is there again. Fixed rates could go even lower but to sustain current levels the market is likely to need to expect the cash rate to fall into the 2’s – a feat which could not be achieved, even
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0.75% Interest Rate Reduction by September 2012
- November 17, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Interest rate, Wealth
With recent renewed turmoil in Europe, fixed rates have pushed down to a whisker below the levels of August 8. Markets are now predicting that the Reserve Bank’s cash rate will be lowered to around 3% from its current 4.5%. That 3% was the low point in the last rate cut cycle, during the Global