Home loan interest rates: 2017 to be a tough year for investors
It seems APRA may be forced to impose further restrictions on investment lending, as concerns persist over the amount of mortgages taken out by property investors.
CommBank and Bankwest tighten refinancing lending for property investors
Update 15/2/17: CommBank has also increased rates on interest only investment loans by 12 bp and line of credit mortgages by 4 bp, effective as of April 3.
Home loan ignorance is bliss? 85% of borrowers don’t know their mortgage rate
Most homeowners paying off a mortgage have no idea what rate their lender is charging them in interest annually, leaving thousands of dollars at stake as a result.
Aussies would shy away from big banks in a crisis study shows
Close to three in four homeowners believe a big bank would not provide the best service in the case of a life-changing event such as unemployment, divorce or death, a new study of over 1000 Australians has revealed.
Making amends: Bankwest refunds customers after home loan breach
After finding that some customers with offset accounts attached to their home loans were overcharged in interest, Bankwest has recently refunded $4.9 million to around 10,800 customers.
NAB and ANZ hit borrowers with fixed rate hikes - are more banks set to follow?
Fifty-five home loan providers have flooded Mozo’s database with fixed interest rate increases since the trend started gaining momentum back in October, 2016. That means there are just 23 mortgage lenders left that are yet to move fixed rates up.
New ME figures show single women being priced out of property market
Record house prices across the country are making it harder for single Australians to enter the property market, with single women the hardest hit.
Sydney property investors set for a lucrative year ahead
Hundreds of property industry professionals in NSW are confident that the next quarter will deliver healthy returns to investors, projecting the most positive outlook of all states.
Home loan stress: Are you at risk if the RBA lifts interest rates in 2017?
One in five owner occupiers are at risk of plunging into severe financial stress, if predictions ring true and the RBA lifts rates mid 2017, according to new research.
Mortgage providers quietly raise interest rates in first days of 2017
It was the interest rate outcome our experts here at Mozo had been forecasting for months, but one that homeowners and investors hoped wouldn’t play out.