by Nathan Osinski | May 25, 2020 | Interest Rates
Here’s a bit of welcome news for mortgage holders: Australia’s record-low cash rate is likely to remain in place until 2023, according to leading economic and property experts. In March, the Reserve Bank of Australia (RBA) called an emergency meeting, cutting the cash...
by Nathan Osinski | May 6, 2020 | Interest Rates
Loyalty is an admiral trait when it comes to our friends, family and loved ones. But if you’re extending that virtue to the banks, then there’s a good chance it’s costing you thousands of dollars. That’s the takeout from the ACCC’s latest Home Loan Price Inquiry...
by Nathan Osinski | May 1, 2020 | Interest Rates
With interest rates at record low levels, today we’ll look at a question that many are asking: should I lock in a fixed rate home loan? You may have recently received a call directly from your bank, or seen more ads than usual across the internet spruiking super low...
by Nathan Osinski | Mar 19, 2020 | Interest Rates
The Reserve Bank of Australia (RBA) has cut the cash rate to a record low of 0.25% following an emergency meeting due to the impact the coronavirus is having on the economy. RBA Governor Philip Lowe said in a statement the move was due to the virus causing...
by Nathan Osinski | Mar 3, 2020 | Interest Rates
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.50% as the coronavirus outbreak impacts global financial markets. RBA Governor Philip Lowe said the coronavirus has clouded the near-term outlook for the...
by Nathan Osinski | Feb 14, 2020 | Interest Rates
Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA). The RBA’s study finds that the difference in interest rates...
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