Update on Interest Rates – Why are they going up?

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Interest Rates

So what’s been happening with interest rates? In the last year banks have moved towards two different standard variable rates which they base all of their consumer interest rates off (one for owner occupiers and a higher one for investors). This has been in response to pressures from APRA (banks’ regulator) to have the banks slow down investment lending (which … Read More

RBA leaves rate at 1.5

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Today’s Reserve Bank of Australia Board meeting saw the cash rate remain at the historical low of 1.5%. With much conjecture about whether this is a good or bad thing for Australia’s economy and home ownership across the generations, and on the first day of a new financial year, it’s the perfect time to talk to your finance advisor about … Read More

Rates unchanged for December

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Interest Rates

At today’s board meeting, the Reserve Bank again decided to leave the cash rate unchanged at the all-time low rate of 1.5%. The call comes as little surprise, despite some of the big lenders bumping up fixed term mortgage rates earlier in the week. How does it affect you? And can we expect more rate changes in 2017? Give us a … Read More

Rate remains at 1.5%

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chart showing RBA cash rate as at November 2016

The Reserve Bank of Australia has today decided to leave the cash rate unchanged at the all-time low of 1.50% Find out what this means for you and your home loan. Is it time to refinance? Or are you already in a good position? Call us today  on (02) 8354 3014 for a free financial health check! We look forward to … Read More

Rate stable at 1.5%

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sydney mortgage broker

The Reserve Bank of Australia has again decided to leave the cash rate unchanged at the historical low of 1.5 per cent. Today’s move has come as no surprise to economists, but it does beg the question: Should you refinance? If you’ve been with your home loan lender for a few years, you can probably find a better deal which … Read More

Half of all Aussie homeowners have never refinanced. Here’s why they should.

Ian MillerHome loan interest ratesLeave a Comment

A recent survey of Australian mortgage-holders found 45 per cent had never refinanced their home. The report, released in April this year by the Australian Mortgage Council, also found customers who did refinance saved an average of $240 per month ($2,880 per year) by refinancing a 30-year loan. So, what would you do with an extra $240 each month?   … Read More