A Better Mortgage

21/01/2025

Mortgage rates reduction from February 2025

https://www.dailymail.co.uk/news/article-14307093/Macquarie-Bank-drops-rates.html?fbclid=IwZXh0bgNhZW0CMTEAAR1NP5sz_fk-HDp3MOgJsV9YuNcNrZncwRN6d_NcCab_JE0P0h2IF4zYyHQ_aem_QiDS2dayIYVdJqXrxQ2C5Q #

A major bank has started slashing fixed rates ahead of the Reserve Bank's decision next month.

23/11/2024

Australia:
Mortgage rates reduction. What's the impact for the local property market?

https://www.dailymail.co.uk/news/article-14113245/Another-Big-Four-bank-slashes-rates-mortgage-holders-expert-says-time-home-owners-key-step.html?fbclid=IwZXh0bgNhZW0CMTEAAR2f7xBQKIfEK2SEQktIrZFw5pzyO5GqTsVgatmi3wH3JBEG7Fw-qr6ul84_aem_iiHqdaswnJFxddgsD2XQ-g #

Another major bank has cut variable mortgage rates even though the Reserve Bank isn't expected to provide any relief until next year.

09/05/2024

About 75% of home loans are negotiated through mortgage brokers!

For the first time in more than 30 years, the profit from business lending is outstripping mortgages. The reason lies in the rise of mortgage brokers.

02/05/2023

11th Mortgage Rate Hike!

Cash rate now is at 3.85%, defying investors' expectations that the central bank would leave the rate on hold at 3.6%

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent.

04/04/2023

After ten times of upwards mortgage rates, a better news today is that RBA will hold rates for now...

While the bank held official interest rates steady for the first time in a year, RBA governor Philip Lowe signalled that further increases were a possibility.

30/03/2023

RBA reforms in pipeline...

https://www.smh.com.au/politics/federal/rba-poised-for-biggest-shake-up-in-three-decades-20230329-p5cw4t.html?utm_source=pocket_mylist&fbclid=IwAR0ouBRms4ywGADXwz4YPjHOoQGNpkyRRk79IFwLmzIlpE7zKjldKBoPaSU&mibextid=Zxz2cZ

The review is not expected to recommend a change to the RBA’s 2-3 per cent inflation target, but it may flag a move away from monthly rate reviews.

07/03/2023

The Reserve Bank of Australia has delivered a 10th rate rise, taking the official cash rate to a 11-year high of 3.6%.

Two more rate hikes are projected before downward adjustments to occur in 2024.

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.60 per cent.

31/12/2022

02/08/2022

Interest rate hikes for a fourth consecutive month!

Interest rates have been hiked for a fourth consecutive month in a historic but unsurprising move. Here’s what it means for you.

03/05/2022

RBA increases cash rates by 25 basis point to 0.35%

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points.