Following the big banks, many other lenders will start to increase their variable rate loans. We will keep you up to date on these changes. Bank of Melbourne Variable Home Loan rates Effective Monday 8 May 2017 Bank of Melbourne will beincreasing the below variable rates. Owner Occupier Principal & Interest Home Loan variable Read More
……….. Today’s March 7th meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We expect this to remain stable for the remainder of the year. In the last months we have seen a number of lenders increasing some of their variable rate products. We have seen increases in Read More
……….. Today’s February 6th meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We expect this to remain stable for the next few months. Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes Read More
Today the Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%. The RBA will not meet again until the first Tuesday in February 2017 so interest rates will remain stable until then. However, some banks have been increasing their interest rates Read More
The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%. The economy has shown some signs of growth and it is expected that inflation is tracking to exceptions. The new Reserve Bank Governor, Phillip Lowe, warned earlier this month that the government are required Read More
UPDATE 3:15 pm: Commonwealth Bank (CBA) have only passed on 0.13% of the 0.25% rate cut. We expect other banks and lenders to follow their lead. Not long after the Commonwealth Banks decision NAB, ANZ and Westpac have all reduced variable interest rates but not by the full amount. They are making their mortgage Read More