rate rise
Thursday, April 21st, 2011
You 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…)
Posted in Interest Rates | April 21st, 2011 No Comments » Tags: government, Interest Rates, rate rise
Friday, November 26th, 2010
With yet another official rate announcement expected in just over a week to cap off the year, there are some sectors of the market with an obvious case of the rate wobbles.
This condition is characterised by the following symptoms: (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House, Refinancing, Uncategorized | November 26th, 2010 No Comments » Tags: First Home Buyers, Fixed Rate, Home Loan, home loan rate, Home Loans, Interest Rates, Mortgage, mortgage rate, Property Market, rate rise, RBA, standard variable rate, Variable loan, variable rate
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…)
Posted in Home Loan Tips, Interest Rates, Refinancing | November 12th, 2010 No Comments » Tags: Interest Rates, non-bank lenders, rate rise
Tuesday, November 2nd, 2010
It’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…)
Posted in Home Loan Tips, Interest Rates | November 2nd, 2010 No Comments » Tags: Budget, Calculators, home loan rate, Home Loans, Interest Rates, rate rise, standard variable rate, Variable loan, variable rate
Friday, October 29th, 2010
In the current climate of rising rates – it’s all about interest.
And I’m not just talking about the interest on your loan, but working out ways to make your mortgage work in the best interests of your financial wellbeing. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates | October 29th, 2010 No Comments » Tags: Budget, Home Loan, home loan rate, Home Loans, Interest Rates, loan repayment, loan repayment calculator, rate rise, Saving, standard variable rate, Variable loan, variable rate
Tuesday, October 19th, 2010
If you’re a first home buyer or looking to refinance, as with choosing the perfect partner, choosing the best rate for you is really about finding your ideal type.
So what type of loan structure is right for you – right now? (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | October 19th, 2010 No Comments » Tags: Calculators, capped interest rate, Comparison rate, First Home Buyers, First Home Savers Account, Fixed Rate, Home Loan, home loan interest rate, home loan rate, Home Loans, honeymoon interest rate, honeymoon rate, Interest Rates, introductory interest rate, Invest, Mortgage, mortgage rate, rate rise, standard variable rate, tracking interest rate, Variable loan, variable rate
Monday, July 5th, 2010
It shouldn’t be a surprise for borrowers if another rate rise is announced, whether it’s tomorrow or sometime in the coming months at another Reserve Bank meeting.
What is a surprise however is that there are still some borrowers ill-prepared for the almost inevitable rise in their mortgage repayments and who are either praying for a miracle – or hoping something, or someone, will come along to save them from financial redress. And that’s no way to manage your finances.
(more…)
Posted in Home Loan Tips, Interest Rates | July 5th, 2010 No Comments » Tags: Home Loan, Home Loans, Interest Rates, rate rise
Friday, May 14th, 2010
In comparison to income growth, the escalation of household debt over the past 30 years has reached substantial levels. According to the ABS, the last 18 years have seen the total amount of debt owned by Australian households to rise by almost six-fold.
These figures are not aided by the high interest repayments of credit cards of between 15-10 percent and personal loans having an average rate of 10 percent. The burden of struggling to meet interest rate repayments can become overwhelming so the concept of consolidating these debts into your mortgage, where rates are around 7 percent, turns into a favourable option. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | May 14th, 2010 1 Comment » Tags: Credit Cards, Debt Consolidation, Home Loan, Home Loans, Interest Rates, rate rise, Variable loan, variable rate
Tuesday, May 4th, 2010
The rising rate environment is leaving some heavily mortgaged borrowers – particularly those with more than an average $300,000 loan – scrambling to find ways to fund the significant increases in monthly repayments that have occurred since October last year.
With the announcement of a sixth rate rise by the Reserve Bank, these borrowers will be forced to look outside the square for ways to fund the increase in their mortgage repayments and will have to assess all aspects of their lifestyle and spending habits. (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Refinancing | May 4th, 2010 4 Comments » Tags: affordability, Comparison rate, Equity, First Home Buyers, Home Loan, Home Loans, rate rise, Refinance, Variable loan, variable rate
Wednesday, April 7th, 2010
Borrowers looking for a low interest rate need to pay just as much attention to the comparison rate on the loan to determine if the loan is as good as it seems.
As rates continue to move and competition hots up in the mortgage market, borrowers hunting around for the best standard variable rate need to also check the comparison rate because it will give them a better indication of the loan’s true cost. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | April 7th, 2010 No Comments » Tags: Comparison rate, Fixed Rate, Home Loan, Home Loans, Interest Rates, Lender, rate rise, Variable loan, variable rate
