Changes to the official cash rate influence all types of interest rates – from home loans and savings accounts to personal loans and term deposits. At Mozo, we track these shifts closely to help you understand how they affect your money.
The Reserve Bank of Australia (RBA) is in charge of Australia’s monetary policy, meaning the central bank monitors the economy's highs and lows and adjusts policy to improve stability.
The Commonwealth Bank dominates the mortgage market in Australia, and if you’re considering the major provider for your home loan, it’s worth looking at its online-only Digi Home Loan as it’s where you’ll find CommBank’s lowest variable interest rates.
Home loan interest rates have been on a slow and steady decline since the beginning of the year, and the average variable in our database is sitting just below 6% p.a. – but is this the rate banks are actually assessing you on when you apply for a mortgage?
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If you’re looking to purchase or refinance a property, you’ll know that every extra cent you can scrape together counts. That’s why the idea of receiving as much as $4,000 cash back on your home loan is a great incentive to consider for any savvy borrower.
Unloan is getting ahead of the Reserve Bank’s interest rate decision next week by cutting its rates early – though the cut is a relatively small one.
Finding a low rate should be a priority when choosing a home loan, and the good news is that interest rates have been on a downward trend this year.
ANZ, CommBank, NAB and Westpac hold a huge chunk of the mortgage market, but despite their dominance, these major banks don’t often have the best home loans available.
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Your loan-to-value ratio (LVR) refers to the amount of money you need to borrow in comparison to a property’s value, and it’s expressed as a percentage.
If there’s one home loan lender more and more Aussies are hearing about, it’s the digital home loan lender Unloan, built by CommBank.