Tag: variable rate loans
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Refinancing Surges in Australian Mortgage Market Amid Rate Adjustments
Refinancing activity in the Australian mortgage market has surged to an 18-month high, with nearly 100,000 borrowers switching lenders in the first quarter of 2025, according to data from the Australian Bureau of Statistics (ABS). This increase in refinancing comes amid heightened competition among lenders, driven in part by the Reserve Bank of Australia’s (RBA)…
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NAB Slashes Fixed Home Loan Rates Amid Economic Forecast and Market Volatility
National Australia Bank has made significant cuts to its fixed home loan rates, reducing some by 55 basis points. The lowest fixed rate now stands at 5.39% p.a. for three years for loan-to-value ratios (LVRs) of 70% or less. This move aligns with NAB economists’ bold forecast of a 50 basis points cut by the…
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Australian Mortgage Stress Declines, RBA Urges Prudent Lending Practices
Recent data suggests that Australian mortgage stress is on the decline, bringing relief to many households. The Reserve Bank of Australia (RBA) has emphasized the importance of prudent lending practices by banks to prevent potential risks in the housing market. Variable rate mortgages : hearings before the Committee on Banking, Housing and Urban Affairs, United…