Shock waves from increased insecurity in the global economy will hit Australian shores soon enough and mean higher interest rates on long term fixed home loans, according to Mozo Data Manager Peter Marshall.
Pessimistic or honest? That’s the question on our minds, thanks to a new survey by the Salvation Army, which found that Aussies are struggling to meet mortgage costs and could feel the heat if the Reserve Bank raises rates this year.
As the Reserve Bank board prepares to sit down for its second meeting of the year next Tuesday, a number of key players and experts have begun to shift their predictions regarding a possible rate rise before the end of 2018.
With yesterday marking the official start to Autumn property season, major bank CommBank have dropped some of their fixed rates home loans in an effort to entice new borrowers.
You’ve done all of the necessary real estate research, watched the market for months and finally found your ideal home. But which of these five bidding masks should you wear to auction this property season?
The 1st of March is also the first day of autumn, which brings with it dropping leaves, chilier weather, and the autumn property season.
You hit the apply button, change tabs, crunch through a quick episode of Brooklyn Nine Nine and check your inbox - congratulations, your home loan has been fully approved (and you haven’t even had to leave the couch).
Do you know your home loan rate? That’s the question UBank asked over 1,000 Aussies as part of its Know Your Numbers Index and as it turns out, we don’t.
Aussie lenders are luring prospective home loan customers with competitive introductory rates, but these could cost you thousands in unnecessary interest over the long run, according to recent Mozo research.
It’s easy to get stuck in a rut with your mortgage, and to stay with the same lender because it’s simpler than switching. But if the romance has gone out of your home loan and you’re no longer feeling the love with your current lender, it may be time to think about playing the field.