Home Loan News

Fixed mortgage rates cut

Borrowers looking to lock in their home loan interest rate may have more potential mortgage options to choose from, with Bankwest and Northern Inland Credit Union cutting fixed rates on selected home loans.

UTS professor brings balance to housing debate

Mortgage lending and property prices are in freefall, with potentially damaging consequences for the Australian economy. Should we blame APRA?

Properties more likely to sell high than low across Australia

Housing finance slides in January, as credit cards decline

ABS figures show housing finance tumbled further in January, while the number of credit card accounts continues to fall, according to the RBA.

NAB and other banks cut mortgage rates

National Australia Bank (NAB) last week cut variable mortgage interest rates on selected loans for new owner occupiers making principal and interest repayments. Other banks that also shifted their rates last week included AMP, Teachers Mutual Bank and Adelaide Bank.

Great Australian dream not dead for first home buyers

New research from Housing Industry Association (HIA) has found that the goal of home ownership still matters for a majority of Australians, with 81 per cent of Aussies believing they should be able to own their own home.

NSW and Victoria becoming more affordable property markets

Housing affordability has improved in four states and territories, while rental affordability has also improved in four, according to a new report.

Cash rate on hold as more banks slash fixed rates

The Reserve Bank of Australia has today left the cash rate on hold at 1.5 per cent. Meanwhile, 22 lenders have slashed rates on more than 150 fixed home loans this year, as competition among the banks heats up.

Online lender unveils 3.48% mortgage product

Loans.com.au has launched a new home loan that has one of the lowest interest rates in Australia.

Do Australians prefer banks to brokers?

With sweeping changes to mortgage broker remuneration on the table in the wake of the recent banking royal commission, new figures indicate that Australian mortgage holders may be more satisfied with their experience when applying for a mortgage directly through a bank branch.

Home sellers more likely to tempt with discounts

February finishes with mortgage rate rises

Several lenders increased variable interest rates on selected home loans in the last week of February, though there were also cuts to interest rates for some fixed rate loans.