Time to buy a home? New property listings bode promising start to spring
Prospective homebuyers might expect a rise in new property listings, as auctions in the major capitals this week bloom ahead of spring.
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Has the fixed rate mortgage cliff fallen short?
The fixed rate mortgage cliff was one of the scarier predictions made about this year. However, new data from CoreLogic reveals that our worst fears about the fixed mortgage cliff may not have happened – nor are they likely to.
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Refinance home loans cut cashback as lenders rethink their offers
One of the interesting trends arising from the Reserve Bank rate hikes has been lenders pulling their cashback offers for refinancers. In May 2023, Mozo recorded 25 lenders with refinancing cashback offers in its database. Today in August, it’s just 13.
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Borrowers could be saving close to $10,000 a year on their mortgage
Recent analysis from Mozo has found that owner-occupiers and investors could save big bucks by refinancing to a lower rate loan. Based on the most recent Core Logic Home Value Index (HVI) release, Mozo’s team of data experts found how much borrowers can save per year in each of the capital cities.
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The regional banks winning over big city customers on their home loans
If you've been shopping around for a home loan or looking to refinance your existing mortgage, you may be overlooking some of the best options available to you. While the big city banks dominate the market, some homebuyers are turning to regional-based banks and online lenders for their great rates, customer-focused values, and exceptional service.
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Home loan checklist: How to make sure your money is ready to refinance
Refinancing a home loan has both become harder and more necessary for many Australian borrowers, thanks to recent Reserve Bank rate hikes. But if you’ve asked yourself whether you should refinance and decided, “Absolutely, let’s do this,” then it’s essential to get your finances in order.
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The little-known money-saving trend refinancers need to know
Refinancing a home loan can feel increasingly like a gambit. You’ll need to avoid the home loan hostage trap, compare mortgages until you find the deal, and face some incredibly steep serviceability tests.
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Capped variable home loan makes Australian debut
In a unique twist to savings, customer-owned NICU has just debuted its new Capped Home Loan, a variable interest rate home loan designed with rate hikes in mind. The loan has a built-in rate ceiling of 6.04% p.a. (6.39% p.a. comparison rate*) for three years, meaning no matter how much further rates rise, they won’t go beyond that for the capped term.
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New property listings buck the seasonal trends as home value growth slows
New listings in capital cities rose 3.7% higher than the 5 year average last month, according to a report released by CoreLogic today. The report looked at the number of new listings over four weeks ending on July 30 and, although new listings were higher than usual for the season, it was 4.6% lower than the same time last year.
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August home loan snapshot: Lenders fire up interest rates ahead of RBA peak
It’s been an unusually warm winter indeed. Despite the Reserve Bank of Australia holding official interest rates steady last month, many lenders cast fresh sparks on their home loans. The ensuing fire has blazed through fixed-rate and variable-rate offers alike and pushed up the averages in Mozo’s database.
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