Mortgage Saver

04/10/2022

All of the Big Four banks move quickly to pass on interest rate rise.

With property prices decreasing and interest rates going up... NOW is the time to refinance, before property prices drop any further making it harder to get a loan approved.

All of Australia's Big Four banks have moved quickly to pass on the Reserve Bank of Australia's sixth consecutive interest rate rise.

Commonwealth Bank and ANZ were the latest to announce they would pass on the 25 basis point rate rise to customers, just hours after the RBA revealed the nation's cash rate would rise from 2.35 per cent to 2.60 per cent

This brings them into line with Westpac and NAB both announced earlier on Tuesday that their home loan interest rates would increase by 0.25 per cent in the coming weeks.

Read the full article here.

All of the Big Four banks move quickly to pass on interest rate riseBy Savannah Meacham9News Staff10:07pm Oct 4, 2022 Tweet Facebook Mail All of Australia's Big Four banks have moved quickly to pass on the Reserve Bank of Australia's sixth consecutive interest rate rise.Commonwealth Bank and ANZ wer...

28/09/2022

Interest rate forecast: how high will interest rates go in 2022?

Reserve Bank of Australia (RBA) governor Philip Lowe has given an interest rate forecast, predicting what might lie ahead for the cash rate, and for those with a home loan it appears there still may be months of rate rise pain ahead.

Whenever the RBA hikes official cash rate, Australian banks and other lenders are generally quick to follow, raising the interest rates they charge variable rate home loan borrowers. So far this year, the RBA has hiked the cash rate five times, most recently in September, and when this happens, banks and lenders tend to raise variable home loan rates accordingly.

Read the full article here...
https://www.canstar.com.au/home-loans/interest-rate-forecast-australia-2022/

28/09/2022

RBA considers smaller rate hike as house prices tipped to fall 10 per cent...

Australia's next interest rate hike could be halved from the usual trend of 50 basis points as property prices dip by at least 10 per cent, the governor of the Reserve Bank of Australia has hinted at in a recent speech.

So if you are experiencing mortgage stress, it may be time to review your current mortgage...

Full article on

RBA considers smaller rate hike as house prices tipped to fall 10 per centBy Stuart Marsh • Senior Producer7:44pm Sep 16, 2022 Tweet Facebook Mail Australia's next interest rate hike could be halved from the usual trend of 50 basis points as property prices dip by at least 10 per cent, the governo...

23/09/2022

It's hard to get a new home loan. Welcome to Dollar Saver. We aim to make the process easier...

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