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Home Loan News

The latest home loans mortgage news and tips

Mark Bristow

Personal Finance Editor

Some of the best home loans in October 2022

The Reserve Bank of Australia’s (RBA’s) decision to hike the cash rate by just 25 basis points, rather than 50, at its October 2022 meeting could be a sign there’s a light at the end of the tunnel for homeowners being squeezed by rising mortgage repayments. But with economists forecasting that interest rates could still have further to rise before the RBA hits pause, it may be worth comparing home loan offers to work out if you’re on the best value home loan for your needs.

Home Loans

06 Oct, 2022

3 min read

Some of the best home loans in October 2022
Peter Terlato

Personal Finance Editor

RBA hikes by 0.25%: What can we learn from other central banks?

Central banks around the world have imposed considerable interest rate hikes in an effort to curb surging inflation. However, the RBA's latest cash rate decision was scaled back compared to previous months, rising 25 basis points to 2.60%. Home loans, property prices and wages growth play a significant role in Australia's economic strategy.

Home Loans

05 Oct, 2022

6 min read

RBA hikes by 0.25%: What can we learn from other central banks?
Liz Seatter

Senior Finance Writer

Refinancing soars and first home buyers make a comeback

A growing number of borrowers are switching lenders with refinancing hitting another record high, according to ABS lending indicators released yesterday.

Home Loans

05 Oct, 2022

5 min read

Refinancing soars and first home buyers make a comeback
Laine Gordon

Money Editor

CBA and ANZ announce RBA hikes

CBA and ANZ have followed Westpac and NAB, announcing they will pass on today’s 0.25 percentage point RBA hike in full to their variable mortgage customers.

Home Loans

05 Oct, 2022

4 min read

CBA and ANZ announce RBA hikes
Liz Seatter

Senior Finance Writer

Westpac and NAB announce RBA mortgage hikes but some savers miss out

NAB and Westpac have announced they are passing on today’s 0.25% RBA hike in full to their variable mortgage rates. While Westpac will also hike some savings rates, NAB says its savings rates currently remain under review.

Home Loans

04 Oct, 2022

3 min read

Westpac and NAB announce RBA mortgage hikes but some savers miss out
Laine Gordon

Money Editor

RBA takes its foot off the accelerator with a 0.25% hike

The RBA has today increased the cash rate by 0.25 percentage points to 2.60 per cent, as the Board continues its efforts to curb inflation.

Home Loans

04 Oct, 2022

4 min read

RBA takes its foot off the accelerator with a 0.25% hike
Alex Ritchie

Personal Finance Editor

The cash rate is 2.60%: what to do when your fixed term ends

It’s important to be realistic that your fixed rate period will come to an end and you may enter into a higher rate environment. Let's explore your options for when a fixed rate period is nearing completion.

Home Loans

04 Oct, 2022

4 min read

The cash rate is 2.60%: what to do when your fixed term ends
Liz Seatter

Senior Finance Writer

Existing borrowers get bigger RBA rate hikes than new customers

Since the RBA hikes began in May, 33 lenders have passed on full hikes to their variable rates, only to turn around and cut their lowest offers for new customers.

Home Loans

03 Oct, 2022

3 min read

Existing borrowers get bigger RBA rate hikes than new customers
Liz Seatter

Senior Finance Writer

$760 extra a month: the total impact of another 0.50% RBA hike

The RBA is tipped to hike the cash rate again tomorrow by 0.50%, taking it to 2.85 per cent, the highest rate since April 2013.

Home Loans

03 Oct, 2022

4 min read

$760 extra a month: the total impact of another 0.50% RBA hike
Liz Seatter

Senior Finance Writer

Fixed rate shake up: home loan changes from CBA and ANZ today

Two of Australia’s biggest banks have today shaken up their fixed home loan rates, four days before the RBA is expected to hike the cash rate again.

Home Loans

30 Sep, 2022

5 min read

Fixed rate shake up: home loan changes from CBA and ANZ today
Laine Gordon

Money Editor

Yet another double hike on the cards: repayments could lift by 33% since start of May

The Reserve Bank is set to hike the cash rate for the sixth month in a row on Tuesday, in a further bid to rein in inflation.

Home Loans

29 Sep, 2022

4 min read

Yet another double hike on the cards: repayments could lift by 33% since start of May
Alex Ritchie

Personal Finance Editor

Property buyers can borrow $134,500 less thanks to the latest rate hikes

The average person’s maximum borrowing capacity has dropped by approximately 20%, or $134,500, as a result of the last five interest rate rises, according to RateCity research.

Home Loans

29 Sep, 2022

6 min read

Property buyers can borrow $134,500 less thanks to the latest rate hikes