It surprises me when I meet a client for the first time and realise that they haven't even opened their home loan statement.
What clients can fail to do is check just how much their home loan rate has increased year on year.
It is the old place a "frog in hot water" example.
What is that you ask?
If you place a frog in ...
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1% as it awaits fresh economic data to allow it to assess the impact of its June and July cuts.
In making this decision not to drop rates again the RBA will have considered some early evidence of an improving housing market following its previous cuts. ...
Finally, we are
here… The Australian Prudential Regulation Authority or APRA as they are
commonly known have all agreed to release Australians from a tight grip on the struggling
mortgage industry by advising all lenders big and small that they can change
the way they assess customers’ ability to meet repayments.
A few months ago ...
So... It finally happened. New fixed rates from 2.99%
We are now in a market place where we are able to obtain a 3 year fixed rate of 2.99% !
Yes, 2.99% (comparison rate of 3.53%) and this is effective as of the 28 June 2019.
There are some conditions like the fact that is needs to be new borrowings of $300,000 or more and ...