Home loan news and advice

All the latest home loan news and top tips to help you manage your home loan.

Will the rba hike the cash rate in july 2022

Home loan costs skyrocketing: will the RBA hike the cash rate in July?

The Reserve Bank of Australia (RBA) has responded swiftly to soaring economic inflation, hiking the official cash rate 0.75% in the last two months alone. The movements brought interest rates back up to pre-pandemic levels and spelled much anxiety for home loan borrowers, many of whom were already feeling the squeeze from the rising cost of living.

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Westpac raises fixed rates by 80 bp

Westpac raises fixed home loan rates by up to 80 bp

Today, Westpac announced a series of hikes to its fixed rate Premier Advantage home loans, making it the first Big Four bank to lift fixed interests this month. The changes will affect both owner-occupier and investment products and vary between 80 basis points on 1-year terms and 30 for 5-year terms.

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