Just as home loan rates are rising in the wake of the RBA's back-to-back rate hikes, popular digital bank UBank has bucked the trend and unveiled a stellar new range of home loans with seriously low rates.
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While customer loyalty is often rewarded, recent trends in home loan rates suggest existing mortgage holders are being passed the buck, while lenders entice new customers with lower rates.
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Last Updated: 10:00am 9 August
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Ever wondered a drawdown means? In simple terms a loan drawdown is the release of funds under an agreement with a lender.
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Macquarie Bank broke headlines this week for becoming one of the first Australian banks to pounce on the 0.50% p.a. August RBA rate hike – beating out any of the Big Four.
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Variable interest rates have surged thanks to months of aggressive decisions from the Reserve Bank of Australia (RBA). But in a surprising twist, CommBank, Suncorp, and Macquarie have all announced cuts to their fixed interest offers this week, some by up to 1.60%.
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With inflation still rip-roaring through the economy, mortgage holders paying variable interest will be nervously watching the Reserve Bank of Australia (RBA) for future rate hikes.
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The Reserve Bank of Australia (RBA) increased the official cash rate for the third time last month and economists predict there’ll be another 0.50% increase in August.
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So you’re thinking of moving to Hawkins, Indiana. Welcome to Hell – er, we mean the most exciting town in all of Middle America! With local charm, a wide variety of nostalgic properties to choose from, and definitely no demogorgons, there’s something for everyone and every budget in this perfect midwestern slice.
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Digital home loans are all the rage. After the success of CommBank’s new digital home loan, Unloan, another Big Four bank has waded into the space.
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