Home Loan News

Out of the 16 economists surveyed eleven have forecast that the RBA will increase the cash rate by a quarter of a percentage point when it meets today.

Due to the inflation figures being higher than expected economists are tipping a fourth consecutive interest rate rise when the Reserve Bank meets next Tuesday.

When applying for an average home loan from Westpac first home buyers will now be required to cough up an extra $12,500 more than before after Westpac announced policy changes that came into effect earlier this week.

The fact that interest rates are on the rise has made consumers more wary when it comes to making big financial decisions regarding the purchase of a home, blocks of land and for motor vehicles, thus borrowing fell for the month of November.

Some parts of Australia experienced reductions in rents during the December quarter, but an increase is anticipated later this year.

In a report to be released it is predicted that the results will reveal that national rental growth was the weakest since 2002. This compares to an average rate of 12 per cent for 2007 and 2008.

Due to shoppers feeling more confident about spending, another interest rate rise seems to be on the cards.

Retail trade figures released for November have shown a 7 per cent rise over the year, due to the major stores having their sales, but for the smaller stores sales fell for the month of November.

Changing your mortgage from one lender to another is not as simple as it used to be, because mortgage lenders may have a few surprises up their sleeves.

Many refinance deals have been delayed deliberately because the current lender is trying their best to make it difficult for you to switch.

The NAB has now decided to promote its interest rates by taking to the streets and standing outside the other big banks.

October is the first month that home loans have eased since the Reserve Bank began to raise interest rates.

Data released by the Australian Bureau of Statistics earlier this week has shown a 1.4 per cent seasonally adjusted fall on the previous month.

Westpac has come out and said that they are not apologising to anyone for their rate hike last week.

Westpac's CEO Gail Kelly has promised that none of Westpac's customers would lose their homes because of the rate rise.