Glenn Ashmead - Search Mortgages

08/02/2016

Moved the office this morning ready for the Superbowl..

12/08/2015

Thanks to Citibank and Homeloans Ltd for today's lunch and learn..

05/05/2015

ANZ are the first of the major banks to make an interest rate announcement passing on the full 0.25%. CBA have just announced 0.2% to be passed on, holding back 0.05%... are you with the right lender?

19/02/2015

Interest rate adjustments should have been passed on by most lenders this morning after the rate cut.. time to check those statements..if you aren't in the 4's it's time we had a chat...

04/02/2015

Great news continues with the CBA passing on the full 0.25% cut effective Feb 20th

03/02/2015

more good news with interest rates for home owners and potential buyers!

http://www.adelaidenow.com.au/business/rba-cuts-interest-rate-to-historic-low-of-225-per-cent/story-fnmxznqb-1227206375741

THE Reserve Bank has cut interest rates to a historic low of 2.25 per cent in one of the most keenly anticipated central bank board meeting announcements in months.

04/12/2012

ING have already passed the cut on in full.... now we wait for the big banks...

http://www.adelaidenow.com.au/realestate/reserve-bank-of-australia-cuts-interest-rates-by-25-basis-points/story-fnczhk65-1226529701674

THE Reserve Bank has cut rates in a boost for retailers and homeowners ahead of Christmas.

10/02/2012

10/02/2012

Don't panic people the ANZ's "rate rise" only brings them into line with other majors on a standard vairable rate. They also still have a cheaper package rate than the other major banks as they had the largest discounts.... The true cost is $5 per month per $100k of borrowing. Good news to follow in the coming months....

06/12/2011

RBA approves first consecutive rate cut since 2009

Christmas has come early for mortgage holders with the Reserve Bank of Australia (RBA) further reducing the cash rate 25 basis points to 4.25% today.

The announcement follows the RBA’s decision to reduce the cash rate by 25 basis points from 4.75% to 4.5% on Melbourne Cup Day, the first rate cut in two years and the sixth consecutive time it has moved the rate up or down on cup day.

Today marks the first time since February 2009 that the RBA has made back-to-back rate cuts.

The move comes as strong growth figures out last week indicated Queensland is rebounding from the floods and with the knowledge there is not another board meeting until February.

Economists had suggested another rate cut may be on the cards in time for Christmas due to the co-ordinated action by six of the world's major central banks to ensure commercial banks don't fall foul of the European debt crisis.

The central banks of the US, Britain, Europe, Japan, Canada and Switzerland joined together last week to provide cheaper money for banks, a move that was welcomed by global financial markets that have been persistently dogged by the woes of Europe.