Experts urge Aussies to opt for fixed home loan rates, following emergency RBA cut
Mozo money experts have urged Aussies to consider fixing their home loan rate, following the Reserve Bank of Australia’s emergency cash rate cut.
Mozo’s Mortgage Market Report: Cutting Through Chaos
Mozo has found in the wake of the Royal Commission, tighter lending standards, four cuts to the official cash rate in under a year and the emerging threat of the coronavirus, the big banks are still locking up the residential mortgage market. Although they are a long way from offering the best rates around, the domestic major banks are benefiting from blind loyalty that is costing their customers up to $99,945 on an average home loan.
5 ways to stay financially healthy during Coronavirus
The development of COVID-19 (aka Coronavirus) as a global pandemic has brought with it a wave of social panic, employment disruption and financial market volatility. While some people are going overboard on toilet paper purchases, others are preparing for the possibility of self-isolation, and the myriad financial complications that could accompany this and other impacts of the constantly shifting economic and political landscape.
Macquarie Bank drops mortgage rates by a full 0.25%!
Macquarie Bank has jumped on board the rate cut train and dropped variable and fixed mortgage rates by a full 25 basis points.
ING slashes fixed interest rate home loans to lowest yet following RBA cut
Following the Reserve Bank of Australia’s cut on Tuesday, online bank ING has dropped rates on its 1, 2, 3, 4 and 5 year fixed interest home loans by as much as 0.40 basis points!
ING, ME, HSBC and UBank join March RBA rate cut tribe
Despite the news of toilet paper outages across the country and the rapid spread of the coronavirus, it would’ve been hard to miss the news that the Reserve Bank of Australia (RBA) lowered the cash rate from 0.75% to 0.50% on Tuesday.
Which home loan lenders have already passed on the March RBA cut?
Last updated: 2:15pm, Friday March 6.
Bank of Mum and Dad report 2020: Meet Australia’s fifth biggest home loan lender
UPDATE: Mozo's 2021 Bank of Mum and Dad Report is now out with all the latest figures on family lending and property considerations.
UBank passes on full cut following March RBA decision
After the RBA moved to reduce official interest rates by 0.25%, UBank announced it will be cutting variable rates in kind, making this the fourth time the online bank has passed on the full rate cut to its customers.
loans.com.au announces 0.25% home loan rate reduction following March RBA cut
Online lender loans.com.au has announced that it will be taking the axe to variable rate home loans following the Reserve Bank’s decision to reduce the official cash rate from 0.75% to 0.50% at its March meeting yesterday afternoon.