Since the RBA began raising interest rates back in May last year, the issue of interest rates has rarely been out of the headlines. Not since the days of 17 per cent mortgage rates in the late 1980s and early 1990s has monetary policy been such a lightning rod ofContinue Reading
NAB has raised the interest customers will pay for its fixed rate loans for the second week in a row. The major bank increased the fixed rate for owner-occupiers and investors by up to 0.20 percentage points after an increase to the same rates last Friday. The increases, combined withContinue Reading
NAB is the latest bank to announce that it will decrease its fixed home loan rates after the Reserve Bank paused interest rate rises for the first time in months. The bank’s three-year fixed terms will experience the highest cuts with owner-occupiers to have their rate cut by 0.5 perContinue Reading
There are fresh warnings of a “huge risk” the economy could be plunged into recession if the Reserve Bank ignores calls to temper interest rate hikes. A week after the central bank board lifted the cash rate to 3.35 per cent, governor Philip Lowe appeared at a senate estimates hearing,Continue Reading
Jason Ross and his wife Emma felt extremely lucky to be able to buy their dream family home but now they are worried they could lose it. The couple fixed their mortgage rate two years ago with a low of 2.5 per cent with Bank West but it’s due toContinue Reading
As hundreds of thousands of Aussies brace for more mortgage repayment pain amid the Reserve Bank’s latest forecast, a financial expert has revealed the best way people can get their home loan right and avoid financial headaches. Marion Kohler, head of the RBA’s economic analysis department, delivered the grim newsContinue Reading
Australians already struggling with the cost of living crisis are bracing for further pain when their fixed rate mortgages end this year. One fifth of mortgage holders who signed up for a home loan during the pandemic period of ultra low interest will have their fixed rates rolled over byContinue Reading
Three of the four Big Four banks have announced they will pass on the latest interest rate hike. Australian’s worst fears were confirmed on Tuesday with the Reserve Bank of Australia pushing up interest rates for the eighth consecutive month. The RBA increased rates another 0.25 per cent in DecemberContinue Reading
One of Australia’s major banks is slashing its fixed-term loan deals despite predictions the RBA will lift the cash rate on Tuesday. ING will decrease most of its fixed interest rates for both owner-occupiers and investors after tomorrow. Fixed-rate loans of just one year won‘t have rates reduced, however, thoseContinue Reading
As mortgage rates continue to rise around the globe and are widely tipped to keep increasing into 2023, there are a great many analyses on how different nations may end up faring amid this challenging environment of higher interest rates and high inflation. While different methodologies produce slightly different resultsContinue Reading