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NAB cuts rates: lowest in 40 years
- February 5, 2015
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
No CommentsNational Australia Bank has become the third major lender to pass on the Reserve Bank’s rate cut in full. NAB today announced it would cut its standard variable home loan rate by 25 basis points to 5.63 per cent per annum. The major bank said home loan customers will save an average $62.50 a month
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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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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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Interest rate cut looming
- June 4, 2012
- Posted by: admin
- Category: Bank Profits, Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
With the latest data from the Australian Bureau of Statistics showing the Australian economy is not performing strongly, there is a good possibility that the Reserve Bank will choose to cut the official cash rate again at tomorrow’s board meeting. The latest figures from the Australian Bureau of Statistics showed that retail spending dropped by
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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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Majors pass on 0.25%pa interest rate cut
- November 2, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Inflation, Interest rate, Wealth
Moments after the Reserve Bank announced it would cut 25 basis points from the official cash rate, two of Australia’s majors jumped into action – passing the full rate cut on to their borrowers. Westpac was the first of the majors to move, officially cutting its standard variable home loan rate by 25 basis points
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Banks pounce on interest rate hike
- May 6, 2010
- Posted by: admin
- Category: Finance News
The RBA’s sixth hike in eight months takes the official cash rate target to 4.5 per cent and will add about $48 a month to mortgage repayments on a $300,000 loan with a 25-year term. The Commonwealth Bank was the first of the big banks to announce it was lifting its rates following the RBA
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AMP Bank Ltd to lower interest rates on its entry level home loan products after hiking mortgage rates earlier this month…
- March 22, 2010
- Posted by: admin
- Category: Finance News
AMP Bank dropped the interest rate on its basic variable home loan by 22 basis points to 6.27 per cent, and cut the rate on its introductory variable mortgage by 45 basis points to 5.94 per cent. The introductory variable home loan rate applies for only one year and will revert to AMP’s professional pack
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Banks warn of higher funding costs
- January 12, 2010
- Posted by: admin
- Category: Finance News
New regulatory requirements and intensifying competition may drive up funding costs for the big banks in the year ahead. Treasurers of the big four told The Australian Financial Review that while pricing in global markets had eased, the banks still faced challenges in meeting an estimated $140 billion of funding requirements. Under the new regulations