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Home Loan News

The latest home loans mortgage news and tips

Liz Seatter

Senior Finance Writer

Variable rates hit new record low ahead of RBA meeting

While the cash rate is set to remain at 0.25 per cent at this Tuesday’s RBA meeting, home loan rates continue to fall, with a new record low variable rate of 2.29 per cent.

Home Loans

04 May, 2020

3 min read

Variable rates hit new record low ahead of RBA meeting
Alison Cheung

Finance Writer

No crash for housing prices yet as homeowners hope for market bounce

Residential property prices in Australia’s capital cities are yet to come down, despite a drop in sales volumes and number of listings due to COVID-19.

Home Loans

01 May, 2020

4 min read

No crash for housing prices yet as homeowners hope for market bounce
Mark Bristow

Personal Finance Editor

Are home loan interest rates so confusing that they’re costing you money?

A new ACCC report has found that a lack of price transparency may be making it harder for Australians to compare home loans, and that mortgage holders staying loyal to their bank could be missing out on significant savings.

Home Loans

28 Apr, 2020

4 min read

Are home loan interest rates so confusing that they’re costing you money?
Mark Bristow

Personal Finance Editor

Getting a home loan in the time of corona

With everyday life being put under lockdown thanks to the pandemic, and the spectre of recession hanging over our heads, the normally familiar path to property ownership has become more complex.

Home Loans

20 Apr, 2020

4 min read

Getting a home loan in the time of corona
Laine Gordon

Head of Public Relations

Home lending falls in February: a sign of what’s to come

New ABS figures out today show the value of new loans settled in February fell 1.71 per cent month-on-month in seasonally-adjusted terms.

Home Loans

08 Apr, 2020

2 min read

Home lending falls in February: a sign of what’s to come
Laine Gordon

Head of Public Relations

Home loan rates continue to tumble for new customers

While the RBA left the cash rate at 0.25 per cent today, lenders are still slashing home loan rates for new customers, particularly owner occupiers who have equity in their home.

Home Loans

07 Apr, 2020

3 min read

Home loan rates continue to tumble for new customers
Mark Bristow

Personal Finance Editor

Is this the end of rate cuts? What the RBA is doing instead

With the RBA planning to keep the cash rate on hold at this record low for the foreseeable future, it has turned to other measures to keep the Australian economy’s wheels turning while the nation grapples with the coronavirus pandemic.

Home Loans

07 Apr, 2020

6 min read

Is this the end of rate cuts? What the RBA is doing instead
Mark Bristow

Personal Finance Editor

Will taking a loan repayment pause during COVID-19 affect my credit score?

The Australian Banking Association (ABA) has today announced that customers’ credit scores won’t be affected if they need to defer their loan repayments for up to six months due to COVID-19, provided they were up to date with their repayments beforehand.

Home Loans

06 Apr, 2020

4 min read

Will taking a loan repayment pause during COVID-19 affect my credit score?
Laine Gordon

Head of Public Relations

The real cost of a repayment pause, and how to minimise the fallout

CBA’s announcement today that customers who take a six-month repayment pause will be refunded interest-on-interest charges during this time will help families struggling to make ends meet.

Home Loans

02 Apr, 2020

5 min read

The real cost of a repayment pause, and how to minimise the fallout
Mark Bristow

Personal Finance Editor

What is the impact of taking a mortgage holiday?

Could taking a holiday from your home loan do more harm than good? What are the long-term financial consequences of putting a temporary freeze on your mortgage payments?

Home Loans

26 Mar, 2020

4 min read

What is the impact of taking a mortgage holiday?
Laine Gordon

Head of Public Relations

Fixed rates plunge to new record low of 2.09 per cent

Banks have launched a fixed home loan war, with ING set to offer the country’s lowest home loan rate at just 2.09 per cent, fixed for two years, available today.

Home Loans

26 Mar, 2020

3 min read

Fixed rates plunge to new record low of 2.09 per cent
Mark Bristow

Personal Finance Editor

Which banks are freezing mortgages for COVID-19?

As well as offering support for Australian small business, several banks have offered home loan customers being affected by coronavirus the chance to take a mortgage holiday. This allows these affected mortgage holders to pause their loan repayments for a limited time to help relieve pressure on household budgets.

Home Loans

25 Mar, 2020

9 min read

Which banks are freezing mortgages for COVID-19?