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An economics professor and a regional bank chief will have a say on Australians’ mortgage rates after the biggest shake-up
They’re still raking in billions of dollars in profits but the big four banks are feeling the squeeze amid hot
Outgoing Westpac boss Peter King believes interest rate relief in 2025 will further ease pressure on borrowers as fewer mortgage
Navigating Homeownership: Understanding Lenders Mortgage Insurance (LMI) Embarking on the journey to homeownership is an exciting endeavour, but it often
The 13th cash rate increase in the Reserve Bank’s fight against inflation will be unwelcome news for mortgage holders, home
More than a quarter of homes were bought without a mortgage last year, suggesting there’s a sizeable cohort insulated from aggressive interest rate rises. Roughly 25 per cent of all … Continued
The post A quarter of homes are bought mortgage-free appeared first on The New Daily.
Australia’s big four banks are restricting their biggest mortgage discounts as tight competition and record levels of refinancing eat into their profits. The Commonwealth Bank on Friday increased interest rates … Continued
The post ‘Now in reverse’: Big four banks slash refinancing discounts as profits come under pressure appeared first on The New Daily.
Australians are being urged to consider refinancing their home loans as new data shows almost a quarter of mortgage holders are paying interest rates at least 1.8 per cent above … Continued
The post Big mortgage savings if you ditch ‘out of date’ rates by refinancing appeared first on The New Daily.
Confidence levels among mortgage holders have sunk even lower ahead of the April cash rate decision. Confidence among those paying off a mortgage fell 2.1 points to 70.5 points, putting … Continued
The post Mortgage holder confidence cools ahead of RBA decision appeared first on The New Daily.
Great news for mortgage holders and first home buyers! Westpac, one of the leading Australian banks, has revealed its forecast
