Mortgage News - Broker - Finance News
Rates could rise before RBA
August 5, 2009 Australia's banks could begin hiking interest rates on variable mortgages before the central bank raises official rates, if funding costs stay high, the head of the nation's fourth largest bank says.
RBA keeps rates on hold
August 4, 2009 The Reserve Bank of Australia (RBA) has left the cash interest rate on hold and says its monetary policy settings are appropriate, as the risk of a severe contraction in the Australian economy fades.
Bank fee cut a marketing exercise
August 3, 2009 Westpac will take a $210 million hit on cash earnings in the 2010 year, as it cuts back some of its banking fees.
High rate rise ridiculous
August 2, 2009 The Reserve Bank of Australia (RBA) will begin raising interest rates from December, although they are unlikely to go higher than five per cent over the next economic cycle, an economist says.
Don't fix rates
August 1, 2009 Financial experts are warning home owners not to panic over their mortgage rates after Westpac's rise.
RBA set to leave cash rate unchanged
July 31, 2009 The Reserve Bank of Australia (RBA) is expected to leave interest rates on hold next week in a further sign it has reached the end of its rate cutting cycle, economists say.
RBA will raise rates from Dec
July 31, 2009 The Reserve Bank of Australia (RBA) will begin raising interest rates from December, although they are unlikely to go higher than five per cent over the next economic cycle, an economist says.
RBA unlikely to consider rate hikes now
July 31, 2009 Economic data due next Tuesday will come too late to influence the outcome of the monthly monetary policy meeting of the Reserve Bank of Australia (RBA).
Westpac to raise fixed mortgage rates
July 31, 2009 Australia's second largest home loan lender Westpac Banking Corporation will increase its fixed mortgage rates because it says the cost of funding has risen.
Concerns for mortgage backed securities
July 30, 2009 Moody's says it has concerns over the performance of residential mortgage backed securities collateral over the next 12 to 18 months.
House prices jump 3.3% in second quarter
July 30, 2009 House prices have recorded their strongest growth since late 2007, rising, on average, by 3.3 per cent in the second quarter of this year, a national survey shows.
RBA chief hints rates could rise soon
July 28, 2009 Australia's central bank chief has hinted interest rates could rise before an expected peak in unemployment next year, suggesting the federal government is more likely to face voters as home borrowing costs climb.
NAB to slash penalty fees
Wednesday July 29, 2009 The National Australia Bank is set to dump penalty fees charged on overdrawn savings accounts.
Jobless rate not as bad as expected
Tuesday July 28, 2009 Australia has navigated the global financial crisis better than most of its industrialised peers, with the jobless rate not as bad as expected, the RBA said.
First homebuyers not influenced by grant
July 27, 2009 Buyers jumping into the market for the first time aren't being influenced by the federal government's first home buyers grant, according to a new survey.
Number of new home sales decline in May
June 30, 2009 The number of new home sales declined for the first time in four months in May as fewer first home buyers entered the market, a survey says.
Cash rate remains unchanged
May 5, 2009 The Reserve Bank of Australia has left the cash interest rate unchanged and says it will keep monitoring the progress of the economy before deciding if further rate reductions are needed.
Home-buyers ready for rates news
May 5, 2009 - 9:42AM Home-buyers are unlikely to enjoy any further mortgage relief when the Reserve Bank of Australia announces its decision on interest rates this afternoon.
Rates expected to stay put
May 5, 2009 The Reserve Bank is expected to leave interest rates unchanged at its monthly board meeting today.
First home buyers boost confusion
April 24, 2009 There are reports the federal government is considering extending its enhanced first home-buyers grant beyond June 30.
