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Commbank & Macquarie cut fixed rate home loans
As the RBA held the cash rate at 4.10% for two months in a row, banks have made their own calls on which of their home loan products should be raised or cut.
Qudos Bank joins the under 6% club of home loans
Qudos Bank has cut rates on its No Frills Home Loan (Owner Occupier, Principal & Interest), bringing it under 6% p.a.
AFCA joins ASIC in urging mortgage lenders to improve help for hardship customers
Getting a home loan approved is cause for celebration, as you’re one step closer to owning your home. It’s typically a nice conversation.
Aussies lose half their income to home loan repayments: is refinancing an option?
Australian homeowners are being bled dry by the highest interest rates in more than a decade, according to data from mortgage broker, Aussie.
Aussies pay equivalent of Apple CEO's net worth to cover monthly mortgage
New analysis from Mozo reveals Australians are collectively paying an extra $3 billion per month to cover rising home loan repayments after the 13 cash rate hikes since May 2022.
How high will interest rates go in 2024?
The thirteen Reserve Bank of Australia (RBA) rate hikes since May 2022 have made the last two years gruelling for anyone with a home loan.
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Experts predict interest rate hold from RBA in May 2024
With the Consumer Price Index (CPI) coming in hotter on inflation than economists expected this quarter, doubts about a cash rate cut by year’s end are mounting.
The median house price in Australia hits a record high $1.113 million
Released this week, the Domain House Price Report 2024 announced a new record for the median house price in Australia’s combined capital cities – $1,112,575 – after a year-on-year (YOY) gain of 8.9% in March 2024.
NAB drops interest rates on its Tailored Home Loan by up to 1.08%
NAB is the first of the Big Four banks to drop interest rates on select home loans this year, with a cut of up to 1.08% now available on some of its variable home loans.
How you could shrink your home loan rate as property prices boom
Australian homeowners could be sitting on the opportunity to blast their home loans with a shrink-ray after national home prices rose nearly 40% in just four years.