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Aussies turn to offset accounts as home loan pressures rise
Caught between high interest rates, a booming property market, and the cost of living crisis, the majority of homeowners in Australia are feeling the heat from their home loans.
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Caught between high interest rates, a booming property market, and the cost of living crisis, the majority of homeowners in Australia are feeling the heat from their home loans.

With the holidays almost here, it’s a good time for home buyers to regroup. After all, it’s been a challenging time for both those stuck with high mortgage rates and those trying to break in amid lofty prices.

Despite the Reserve Bank putting off much anticipated rate moves, ANZ today made interest rate cuts to its main variable rate home loan.

The Reserve Bank of Australia (RBA) might not have moved on interest rates this month, but NAB has jumped the gun by dropping one of its variable rate home loans.

ANZ has dropped its fixed rate home loans for the second time in just one month, with rates now as low as 5.74% p.a. as the battle heats up between the Big Four for low-risk borrowers.
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Buyers unable to front-up a 20% deposit for a home loan are paying up to an estimated $33,000 extra on an insurance product designed to protect the bank’s bottom line from mortgage defaults.

As we sink our teeth into the spooky season, a spine-tingling cautionary tale about a creature most foul and cunning, confined to the shadowy corners of your finances until it’s time to strike.

ANZ has finally cut interest rates on its fixed rate home loans, with the bank now offering loans for under 6% p.a.

With home loan rates at a steady high, every little bit of extra interest you pay can add up to thousands over the life of your loan. So, if you’re feeling the pinch or just want to get ahead on your repayments, it’s time to think smart about how to save on your mortgage. With a few savvy moves, you can cut down costs and chip away at your home loan faster.

NAB cut the interest rates on its fixed-rate home loan for a second time this year, as we draw closer to the first Reserve Bank of Australia (RBA) cash rate cut.