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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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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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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
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Fixed Rate Price War Continues
- October 5, 2011
- Posted by: admin
- Category: Bank Profits, Budget, Financial goals, Home loan product, Interest rate, Wealth
Over the last two months, almost all of Australia’s lenders have slashed the interest on their fixed rate products, with CBA, ANZ, Westpac and NAB carving up to 20 basis points off their respective fixed rates. Variable rates have also seen heavy discounting. Good news for consumers.
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Time to lock in some interest rate risk
- August 10, 2011
- Posted by: admin
- Category: Finance News
Market fixed rates have fallen by around 0.8% over the week. This pricing indicates to me that it may finally be time to take advantage of these extraordinary market moves and lock in some borrowing costs. Businesses should focus on risk management rather than fine tuning interest rate forecasts. Leave that to the markets and the