Major bank’s surprise home loan move
With yet more interest rate rises expected from the Reserve Bank, one of the country’s largest lenders has announced it will buck a “big four” trend. Source linkContinue Reading
With yet more interest rate rises expected from the Reserve Bank, one of the country’s largest lenders has announced it will buck a “big four” trend. Source linkContinue Reading
A so-called fixed-rate mortgage cliff is about to hit nearly 900,000 Australians who took advantage of cheap home loans during the Covid pandemic. The Reserve Bank (RBA) provided banks access to three-year fixed rate credit as part of their response to the economic impacts of the pandemic, which was passedContinue Reading
Westpac has made a surprise call on interest rates – lowering its forecast that the cash rate will be hiked as high as 4.1 per cent. Instead, the major bank has predicted interest rates will peak at 3.85 per cent and that the Reserve Bank of Australia (RBA) will evenContinue Reading
With the latest cash rate increase by the RBA, one bank’s “disgusting” move was blasted — but now it has made a big call for savers. The Reserve Bank on Tuesday raised the official cash rate by another 25 basis points to 3.35 per cent, the ninth consecutive monthly increaseContinue Reading