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Home Loan News

The latest home loans mortgage news and tips

Laine Gordon

Head of Public Relations

CBA slashes savings rates on the back of the RBA cut

The Commonwealth Bank has today cut rates on its popular savings, retirement and term deposit accounts, following last week’s cash rate cut.

Home Loans

13 Nov, 2020

2 min read

CBA slashes savings rates on the back of the RBA cut
Laine Gordon

Head of Public Relations

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.

Home Loans

12 Nov, 2020

2 min read

CBA lowers serviceability floor to accommodate lower rates
Tony Ibrahim

Senior Journalist

Consumer Sentiment surges, housing confidence reaches a seven year high

The backdrop of a pandemic is unlikely to affect people spending money over the Christmas holidays -- and that could include signing the deed to a new house.

Home Loans

11 Nov, 2020

4 min read

Consumer Sentiment surges, housing confidence reaches a seven year high
Tony Ibrahim

Senior Journalist

Commonwealth Bank: 1% of deferred mortgages are impaired, but the figure is expected to grow

Commonwealth Bank has offered some insight into the number of people who could no longer afford to resume their mortgage repayments, but there are fears the figure could grow as relief options expire.

Home Loans

11 Nov, 2020

4 min read

Commonwealth Bank: 1% of deferred mortgages are impaired, but the figure is expected to grow
Liz Seatter

Senior Finance Writer

31 lenders offering home loan rates under 2 per cent

A record 31 lenders are offering, or set to offer, at least one mortgage rate under 2 per cent – almost triple the number before last week’s RBA cut last week.

Home Loans

10 Nov, 2020

4 min read

31 lenders offering home loan rates under 2 per cent
Tony Ibrahim

Senior Journalist

The Australian suburbs where mortgage repayments are cheaper than rent

Historically cheap home loan costs and a sluggish property market are leading to mortgage repayments that are more affordable than paying rent in many cases, according to Aussie Home Loans’ Buy vs Rent report.

Home Loans

10 Nov, 2020

7 min read

The Australian suburbs where mortgage repayments are cheaper than rent
Alex Ritchie

Personal Finance Editor

Home loan cashback deals for November 2020

This month, there are 27 lenders offering cashback deals of up to $4,000. The majority of which are for refinancing home loans.

Home Loans

10 Nov, 2020

2 min read

Home loan cashback deals for November 2020
Tony Ibrahim

Senior Journalist

Australians are building the largest homes in the world

Australians are building the largest units, townhouses and houses in the world, new research reveals, bucking a six-year trend of shrinking homes, and overtaking the United States.

Home Loans

10 Nov, 2020

5 min read

Australians are building the largest homes in the world
Alex Ritchie

Personal Finance Editor

Best new refinancing deals for November 2020

With the Reserve Bank of Australia cutting the cash rate to a new record low of 0.10 per cent, home loan borrowers have never had more ammunition when it comes to refinancing.

Home Loans

09 Nov, 2020

4 min read

Best new refinancing deals for November 2020
Tony Ibrahim

Senior Journalist

RBA Governor warns cash rate won’t drop any further

Mortgage interest rates are unlikely to drop any further after the head of the nation’s central bank warned the benchmark that influences them has bottomed out.

Home Loans

06 Nov, 2020

4 min read

RBA Governor warns cash rate won’t drop any further
Tony Ibrahim

Senior Journalist

Investor lending recovers after tumbling to 18-year low

Confidence appears to be returning to the investor market after the COVID-19 pandemic pushed loan borrowing to one of its lowest levels in recorded history.

Home Loans

06 Nov, 2020

4 min read

Investor lending recovers after tumbling to 18-year low
Tony Ibrahim

Senior Journalist

Commonwealth Bank: We won’t sell your home before late next year if you can’t repay your mortgage

Australia’s largest bank has publicly committed to keeping people in their homes until late next year if they can't make their repayments, but others have not followed its lead.

Home Loans

05 Nov, 2020

5 min read

Commonwealth Bank: We won’t sell your home before late next year if you can’t repay your mortgage