Tag: home loan news

Following a recent decision by the Reserve Bank of Australia to reduce the official cash rate by 25 basis points, the impact on savings rates has become a topic of concern for many savers. While home loan borrowers have quickly seen the benefits of lower interest rates, savers are facing a different scenario with diminishing…

Following the recent interest rate cut by the Reserve Bank of Australia (RBA), banks have swiftly responded by reducing home loan rates, impacting savers in various ways. While mortgage customers have been promptly informed of rate decreases, the adjustment to savings rates has been less transparent, leaving savers with diminished returns on their deposits. A…

In recent Home Loan News, following the Reserve Bank of Australia’s (RBA) rate cut in February 2025, there has been a delay in banks passing on the cuts to their customers. While major banks like Commonwealth Bank, ANZ, NAB, and Westpac swiftly implemented the full 25-point reduction, smaller lenders such as FreedomLend, Mortgage House, and…

In recent news, Australian homeowners are set to benefit from rate cuts announced by major lenders, including the Big Four banks, following the Reserve Bank of Australia’s decision to lower interest rates. This move is expected to bring relief to households grappling with increasing interest rates over the past couple of years. For those with…

In recent developments, ANZ has taken decisive action by reducing variable interest rates for its home loan customers in response to the Reserve Bank of Australia’s decision to lower the official cash rate. This move signifies a proactive approach by ANZ to alleviate financial burdens on borrowers and inject some relief into the economy. Effective…

In a shift from traditional norms, first-home buyers in Melbourne are prioritizing property ownership over extravagant weddings, opting to secure a mortgage before walking down the aisle. Couples like Tiana and Jesse are emblematic of this trend, having recently purchased their first home in Melbourne and now focusing on their upcoming wedding plans. This choice…

In recent years, a notable trend has emerged where an increasing number of Australian couples are choosing to prioritize homeownership over marriage, as indicated by a study conducted by Aussie Home Loans. The research, which scrutinized a substantial volume of mortgage settlements from 2010 to 2024, discovered a significant 80% surge in home loans granted…

Following the recent 0.25% rate cut by the Reserve Bank of Australia (RBA), many are eager to know how this reduction will impact their home loan payments. With most banks likely to mirror this rate decrease, individuals can anticipate having some additional funds at their disposal. But the pressing question remains: how much can one…

The landscape of home loans is evolving, with an increasing number of home buyers exploring options beyond the traditional big-four banks. Alternative lenders are emerging as formidable contenders in the market, offering a diverse range of financial products, including home loans, credit cards, and personal loans. These alternative lenders, numbering over 600, operate under stringent…

Following the Reserve Bank of Australia’s (RBA) recent decision to reduce the cash rate to 4.1%, a wave of adjustments in home loan rates has swept across various lenders. Canstar’s data reveals that 29 lenders have slashed 232 owner-occupier and investor variable rates by an average of 0.24%. Additionally, 12 lenders have decreased 177 owner-occupier…