
Suncorp announces rate rise across all variable home loans
Just a day before spring property season kicks off, Suncorp has today announced it will increase variable home loan interest rates by 17 basis points, effective September 14th 2018.
Just a day before spring property season kicks off, Suncorp has today announced it will increase variable home loan interest rates by 17 basis points, effective September 14th 2018.
While home loan rate rises have become the norm in the past few months, lenders are still well and truly engaged in a battle for the business of Australian home owners with a number of new, alluring deals hitting the market.
With spring right around the corner, many Aussie buyers will soon start gearing up for the biggest property season of the year.
You would be hard pressed to have missed the overwhelming narrative of ongoing rate hikes from a swathe of home loan lenders over the last two months, so today’s announcement from ANZ has certainly caught many by surprise.
Over the month of July, we’ve seen a domino effect of home loan lenders hiking variable rates to cope with mounting funding pressure.
Hikes, hikes, hikes. Many Aussie homeowners will have heard little else since the start of winter, but online lender UBank has well and truly broken ranks with many other lenders following today’s announcement of a cut to its UHomeLoan offer.
AMP has today hiked home loan interest rates for both owner-occupiers and investors, joining a rising trend of lenders lifting borrowing rates in response to funding pressures.
While many Aussies may already have begun changing their spending habits to keep up with their rising home loan repayments, experts are now predicting that this could be just the tip of the iceberg for homeowners.
It’s not uncommon for the average Aussie household to feel financial strain, but according to new research by Digital Finance Analytics, ‘mortgage stress’ is at a record high.
The new financial year is here, and it's a great time to resolve to save money on your home loan as it's brought with it a frenzy of discounted home loan specials offering rate discounts, fee waivers, cash back and other rewards.