October Interest Rates Down 0.25% – ANZ, Westpac, NAB, CBA, ING, Suncorp

October 5, 2012 ANZ, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, Mortgage Broker, NAB, St George, Suncorp, Westpac by Administrator

Update 12th October 2012: ANZ announces a 0.20% drop in their variable rate 0.05% short of the full rate decrease Rates announces by AMP, Bank West, Bank of Melbourne and Bendigo Bank. Adelaide bank will not pass on the rate cut until the 26th October making their customers pay the higher interest rate for 24
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Interest Rates Remain On Hold

April 3, 2012 Fixed Rates, Home Loans, Mortgage Broker, Refinance, variable interest rate by Administrator

The Reserve Bank of Australia decided to leave interest rates on hold today. So there will be no relief for business borrowers and home loan borrowers for the month of April. They have left open the door for future interest cuts for up coming months but business, especially retail are calling for them to be
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ANZ Increase Home Loan Variable Rates by 0.06%

February 10, 2012 ANZ, Commonwealth Bank, Interest Rates, Mortgage Broker, NAB, Westpac by Administrator

In a not so surprise move today, ANZ have increased their variable rate by 0.06% for home and business loans. This puts ANZs standard variable rate for home loans on par with Westpac but higher than Commonwealth Banks and NAB. NAB earlier this week announced that they will have the lowest standard variable rate amongst the big
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Home Loan Interest Rates – Banks Slow to Pass On Cut

November 10, 2011 ANZ, BankWest, Commonwealth Bank, ING Direct, Interest Rates, Mortgage Broker, NAB, variable interest rate, Westpac by Administrator

Having been in the mortgage industry for just over 6 years I have seen home loan interest rates rise and fall. One of the most common observations is that banks are slower to pass on a rate cut compared to when interest rates rise. The table below shows that there is a 24 day difference between banks
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How Mortgage Brokers Can Help…

September 7, 2011 First Home Buyer, Home Loans, Investment Loans, Mortgage Broker by Administrator

More than ever mortgage brokers can significantly save you time finding a home or investment loan due to the new regulatory requirements. The new legislation requires that all lenders and brokers assess an applicant before they can recommend products. Often this requires supporting documentation that includes; tax returns, pay slips, identification, other loan statements such as car, personal and home
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Fixed Rates to fall after RBA keeps interest rates on hold.

September 6, 2011 Commonwealth Bank, Fixed Rates, Interest Rates, Mortgage Broker, variable interest rate by Administrator

Interest rates remain on hold at 4.75% this month after the Reserve Bank of Australia made their decision yesterday afternoon. Later that day Commonwealth bank further reduced its 1 and 3 year fixed rates from the previous month. It looks like other lenders are to follow as the weeks go by. I will keep you
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Category: Mortgage Broker