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The latest home loans mortgage news and tips

Eden Radford

External Comms Lead

ANZ ditches fixed rates under 6%

Australia’s fourth largest bank, ANZ, has today increased its fixed rates for both owner-occupiers and investors by up to 0.55 percentage points.

Home Loans

12 Jul, 2023

4 min read

Alex Ritchie

Personal Finance Editor

How a cashback deal may help cut the cost of refinancing

Refinancing a home loan may feel like a costly endeavour that’s not worth the trouble, but research from RateCity shows that a borrower taking advantage of cashback deals may break even before they’ve made their first new mortgage repayment.

Home Loans

11 Jul, 2023

4 min read

How a cashback deal may help cut the cost of refinancing

Mark Bristow

Personal Finance Editor

Some of the top-rated home loans in July 2023

The Reserve Bank of Australia (RBA) has rung in a new financial year by keeping the cash rate on hold at its July 2023 meeting. But home buyers are still struggling, with the previous 12 rate hikes having massively reduced the borrowing power of many Australians.

Home Loans

10 Jul, 2023

3 min read

Some of the top-rated home loans in July 2023

Peter Terlato

Personal Finance Editor

Supercharge your savings with rates above 5.50% in July 2023

Savings rates are at some of the highest levels in more than a decade. A number of different banks offering ongoing rates of 5.50% or higher.

Home Loans

07 Jul, 2023

3 min read

Supercharge your savings with rates above 5.50% in July 2023

Eden Radford

External Comms Lead

And then there were 3: NAB follows Westpac and CBA by slashing stress test for mortgage prisoners

NAB has announced it will lower the stress test on select refinance applications for borrowers who do not pass the bank’s standard serviceability test.

Home Loans

07 Jul, 2023

3 min read

And then there were 3: NAB follows Westpac and CBA by slashing stress test for mortgage prisoners

Alex Ritchie

Personal Finance Editor

Only 15 cashback home loan offers left: where you can still get a cashback deal in July

In July, only 15 lenders were still offering cashback deals on the RateCity database. This is down from a record high of 35 in March 2023. Let’s explore the cashback deals for home loans still on offer.

Home Loans

05 Jul, 2023

5 min read

Only 15 cashback home loan offers left: where you can still get a cashback deal in July

Eden Radford

External Comms Lead

The RBA calls for ‘time out’ but the hikes unlikely to be over

The Reserve Bank has left the cash rate at 4.10 per cent today, hitting the pause button for just the second time since April 2022.

Home Loans

04 Jul, 2023

4 min read

The RBA calls for ‘time out’ but the hikes unlikely to be over

Peter Terlato

Personal Finance Editor

Home loan refinancing hits new high - what are your options?

Refinancing among owner-occupied borrowers hit a new high in May. In recent weeks, Westpac and the Commonwealth Bank of Australia (CBA) have reduced their mortgage serviceability buffers to assist borrowers wanting to refinance and switch lenders.

Home Loans

04 Jul, 2023

6 min read

Home loan refinancing hits new high - what are your options?

Eden Radford

External Comms Lead

The great cashback escape: 8 banks drop their deals in one day

Just 15 lenders are now offering cashback deals, down from a record high of 35 in March 2023.

Home Loans

04 Jul, 2023

4 min read

The great cashback escape: 8 banks drop their deals in one day

Eden Radford

External Comms Lead

Refinancing bounces back after hitting a near record high

Refinancing bounced back in the month of May, increasing by $1.58 billion to a total of $20.97 billion – the second highest monthly value for external refinancing on record.

Home Loans

03 Jul, 2023

4 min read

Refinancing bounces back after hitting a near record high

Eden Radford

External Comms Lead

52% increase to borrowers’ biggest monthly expense: what a rate hike tomorrow will look like

A borrower with a $500,000 loan at the start of the hikes could see their biggest monthly expense rise by a total of $1,211 if the cash rate goes to 4.35 per cent tomorrow.

Home Loans

03 Jul, 2023

3 min read

52% increase to borrowers’ biggest monthly expense: what a rate hike tomorrow will look like

Mark Bristow

Personal Finance Editor

What to expect from the RBA meeting in July 2023

Following the June 2023 meeting of the Reserve Bank of Australia (RBA), where the cash rate rose by 25 points to 4.10%, economists from Australia’s biggest banks found themselves having to revise their interest rate predictions for the rest of the year. Several of these economists are now expecting rate hikes in both July and August 2023.

Home Loans

30 Jun, 2023

5 min read