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laine-gordon

Laine Gordon

Money Editor

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974 articles written by Laine Gordon

Home Loans

CBA lowers serviceability floor to accommodate lower rates

Australia’s largest bank, CBA, has announced it is reducing its serviceability floor rate from 5.40 per cent to 5.10 per cent, a move that will help some people borrow more from the bank. The change is effective Saturday 14 November.

laine-gordon

Laine Gordon -

12 Nov, 2020 -

2 min read

Savings Accounts

ING and ME Bank slash savings rates - a sign of what’s to come

Savings rates are starting to feel the squeeze following last week’s RBA cut, with ING and ME Bank dropping rates by the full 0.15 per cent on their popular savings accounts today.

laine-gordon

Laine Gordon -

11 Nov, 2020 -

3 min read

Home Loans

The state of play post-RBA

None of the big four banks have committed to passing on Tuesday’s RBA rate cut to their variable customers, leaving millions of mortgage holders out in the cold.

laine-gordon

Laine Gordon -

05 Nov, 2020 -

4 min read

Home Loans

Westpac mirrors CBA with no cut for variable rate customers

Australia’s second biggest bank has followed CBA, announcing it will not be passing on the rate cut to its existing variable rate customers, opting to cut fixed rates instead.

laine-gordon

Laine Gordon -

04 Nov, 2020 -

4 min read

Home Loans

CBA turns its back on variable rate customers as they opt to slice fixed rates instead

Australia’s biggest bank has today announced it will not be passing on the rate cut to its existing variable rate customers, opting to cut fixed rates instead.

laine-gordon

Laine Gordon -

04 Nov, 2020 -

3 min read

Home Loans

RBA cuts rates to 0.10%, extends QE

The RBA has made the historic decision to cut the cash rate by 0.15 per cent today, slashing official rates to 0.10 per cent.

laine-gordon

Laine Gordon -

03 Nov, 2020 -

3 min read

Home Loans

Homestar ups the ante with new lowest rate in the country, ahead of RBA

Homestar Finance has announced a new ongoing variable rate of just 1.79 per cent on the eve of a potential RBA cut.

laine-gordon

Laine Gordon -

03 Nov, 2020 -

4 min read

Credit Cards

Credit card debt hits lowest level since 2004

Australians have wiped a total of $6.3 billion of debt accruing interest from their credit cards since COVID, according to new RBA figures released today.

laine-gordon

Laine Gordon -

07 Oct, 2020 -

4 min read

Home Loans

COVID-affected customers should receive rate cuts not rate hikes: RateCity

From September, homeowners on a deferral who can’t resume their repayments can potentially extend the pause by an extra four months or switch to interest-only repayments.

laine-gordon

Laine Gordon -

21 Aug, 2020 -

4 min read

Home Loans

Home loan market shows signs of life as variable rates hit 1.95%

New home lending has partially recovered from its record drop last month according to ABS figures released today. It comes as home loan rates keep on tumbling, with a new lowest ongoing variable rate of 1.95 per cent now on the market.

laine-gordon

Laine Gordon -

05 Aug, 2020 -

4 min read