Mortgage News - Broker - Finance News
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.
Property investors should be wary
Tuesday, April 21, 2009 Fixed interest rates are on the rise at Westpac and the Commonwealth Bank but that does not mean property investors should rush to fix.
Westpac lifts rates on fixed home loans
Tuesday April 21, 2009 Westpac Banking Corporation raised its interest rates on fixed home loans by up to 40 basis points from Tuesday.
NAB increases mortgage rates
April 21, 2009 National Australia Bank has confirmed it has raised interest rates on fixed home loans by 20 basis points carrying a two and three year term.
CBA raises fixed mortgage rate
April 21, 2009 The Commonwealth Bank says it'll raise its interest rates on fixed rate mortgages by between 20 basis points and 45 basis points from today.
Bad news prompted RBA April cut
April 21, 2009 The Reserve Bank of Australia cut interest rates earlier this month after it realised the outlook for economic growth was even worse than expected.
Govt considers ridding bank 'exit fees'
April 19, 2009 New laws are being considered to ban exit fees at Australian banks to make it easier for borrowers to switch lenders.
Alarm over first-home buyer 'time bomb'
April 13, 2009 THE rush of first-home buyers is emerging as a bad-debt time bomb for banks with government cash incentives for new homeowners driving about a quarter of all new mortgage applications for banks.
Claims mortgage margins increasing
Monday April 13, 2009 It has been claimed the major banks are making $450 dollars a year more from each average home mortgage today than before the global financial crisis.
RBA pressured to think big on rates
April 10, 2009 In March the central bank was seen as keeping some ammunition in reserve for gloomier days, but in April it appears to have fired a blank.
Banks fail to fully pass on rate cuts
April 8, 2009 Four large lenders have matched the Commonwealth Bank of in passing on less than half of Tuesday's official cut to interest rates.
Rudd urges banks to pass on rate cuts
April 8, 2009 Prime Minister Kevin Rudd says the banks should pass on yesterday's Reserve Bank rate cut in full.
ANZ cuts standard variable rate
April 8, 2009 ANZ Banking Group Ltd has cut its standard variable home loan rate by 10 basis points, in line with a similar move by Commonwealth Bank of Australia Ltd.
