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The latest home loans mortgage news and tips

Laine Gordon

Money Editor

NAB announces rates hikes – how the big four banks now stack up

NAB is the last of the big four banks to announce it is passing on Tuesday’s cash rate hike to variable mortgage holders in full, effective 16 June.

Home Loans

09 Jun, 2023

5 min read

NAB announces rates hikes – how the big four banks now stack up

Laine Gordon

Money Editor

CBA and ANZ hike mortgage rates but ANZ leaves savers in the cold

CBA will be passing on the full hike to all three of their key savings accounts. As a result, the highest ongoing savings rate from Australia’s biggest bank will be 4.65 per cent for all adults, while YouthSaver customers will get 4.75 per cent, provided they meet the bank’s terms and conditions.

Home Loans

09 Jun, 2023

6 min read

CBA and ANZ hike mortgage rates but ANZ leaves savers in the cold

Laine Gordon

Money Editor

Borrowing power shrinks by almost $250K after 12 RBA hikes

Rapidly rising interest rates could see the average family’s maximum borrowing capacity shrink by $247,700, compared to April last year, once the latest RBA hike takes effect.

Home Loans

09 Jun, 2023

3 min read

Borrowing power shrinks by almost $250K after 12 RBA hikes

Laine Gordon

Money Editor

Risky lending plummets but offset balances continue to climb, despite rate hikes

The value of new home loans with risky levels of debt has plummeted, according to new data released by APRA yesterday.

Home Loans

07 Jun, 2023

3 min read

Risky lending plummets but offset balances continue to climb, despite rate hikes

Peter Terlato

Personal Finance Editor

Households struggle as Australia's economy hits the brakes

This is the sixth straight rise in quarterly GDP but the slowest growth since the COVID-19 Delta lockdowns in September quarter 2021.

Home Loans

07 Jun, 2023

3 min read

Households struggle as Australia's economy hits the brakes

Laine Gordon

Money Editor

Westpac hikes mortgage rates by 0.25%, stays quiet on savings accounts

Westpac has announced it will pass on the latest 0.25 percentage point RBA hike to its variable mortgage customers.

Home Loans

06 Jun, 2023

2 min read

Westpac hikes mortgage rates by 0.25%, stays quiet on savings accounts

Laine Gordon

Money Editor

RBA hits keep coming – cash rate now enters the ‘4s’

The cash rate will climb into the ‘4s’ with the RBA announcing the nation’s twelfth cash rate hike since May 2022.

Home Loans

06 Jun, 2023

5 min read

RBA hits keep coming – cash rate now enters the ‘4s’

Alex Ritchie

Personal Finance Editor

When will interest rates stop rising?

Today the RBA hiked the cash rate for the fourth consecutive month to a new high of 1.85%. Homeowners and first home buyers across the country must be asking when will rate hikes stop?

Home Loans

06 Jun, 2023

5 min read

Alex Ritchie

Personal Finance Editor

Going, going, gone: 26 lenders still offering cashback home loan deals in June 2023

This month, there are 26 lenders still providing cashback home loans, however, some major institutions have revealed these deals will not continue to be offered in the new financial year, including ING, Westpac and NAB.

Home Loans

05 Jun, 2023

5 min read

Going, going, gone: 26 lenders still offering cashback home loan deals in June 2023

Mark Bristow

Personal Finance Editor

Some of the best home loans in June 2023

With new figures indicating that inflation may be proving more stubborn than expected, more rate rises could arrive sooner or later this calendar year. Borrowers may need to look beyond the interest rates and compare the other fees, features and benefits of different home loans to find the mortgage that best suits their needs.

Home Loans

02 Jun, 2023

3 min read

Some of the best home loans in June 2023

Laine Gordon

Money Editor

Refinancing takes a $2 billion hit – but heat not out just yet

The value of refinanced loans took a tumble in April, recording a $2 billion drop compared to the previous month.

Home Loans

02 Jun, 2023

5 min read

Refinancing takes a $2 billion hit – but heat not out just yet

Laine Gordon

Money Editor

It’s not over yet – ANZ ups cash rate call to peak at 4.35%

ANZ’s economic team has today revised its forecasted cash rate peak to 4.35 per cent - the highest of the big four banks predictions – with one rate rise expected in June or July, and another in August.

Home Loans

02 Jun, 2023

3 min read