The news seems to be getting worse for borrowers over the last week. (more…)
Interest Rates
What can borrowers get excited about?
Friday, May 20th, 2011The double edged sword of a strong $AUD
Friday, April 29th, 2011Watching the Australian dollar continue to rise against the US dollar is a bit like watching your favourite sporting team not only beat the opposition – but actually give them a bit of a flogging.
And like any one-sided match, there are always clear winners and losers, but there is also usually good reason why one team is winning so well. (more…)
Mortgage waters run calm and still
Thursday, April 21st, 2011You may have noticed there hasn’t been a lot of speculation lately about cash rates and what as a consequence may happen to mortgage rates.
Sure there have been a slew of reports on the government’s abolishment of exit fees, now set to be introduced on July 1 –and the possible effect on borrowers, but not much about interest rates themselves.
And that’s largely because, generally speaking, there’s not much to report. (more…)
Back into rate mode
Friday, January 28th, 2011With the Reserve Bank returning back for their monthly meetings next Tuesday, speculation is mounting once more about what will happen to official interest rates. (more…)
Economy flooded with repercussions
Thursday, January 20th, 2011Predictions are already coming thick and fast about the economic repercussions from the floods in Queensland as well those still damaging towns across Victoria. (more…)
What’s hot and what’s not for the year ahead
Thursday, December 30th, 2010A rising rate climate, changes in lending criteria and a tight rental market will all continue to play their part in contributing to new borrowing patterns in the year ahead and defining what’s hot and what’s not in the mortgage market. (more…)
Should I stay or should I go?
Friday, November 12th, 2010“Should I stay or should I go?” famously sang The Clash for the first time back in 1982.
And ironically this was the year before the banking industry in Australia was deregulated and the mortgage sector then opened up to allow borrowers access to a much more competitive market.
After 1983, borrowers indeed found themselves asking should we stay with what we know, or should we look elsewhere. And now, here are borrowers more than twenty years on, once again asking themselves the same question. (more…)
Don’t bank on interest rate outcomes
Tuesday, November 2nd, 2010It’s one of life’s ironies that a Reserve Bank announcement on interest rates will be handed down on the same day when more Australians than ever are having a flutter on our nation’s most loved horse race.
Because in reality, there’s no banking on the outcome of today’s official interest rate announcement and what it will mean for borrowers. Some odds are in favour of official rates staying as they are – but others are stacked in favour of the banks to raise their rates regardless. Either way – it’s a gamble to try and predict the result. (more…)