Interest Rates to Remain On Hold

Happy New Year!

It looks like interest rates are going to remain stable for the rest of the year with a bias for going southwards.

That being said, anything can happen between now and then but in the meantime the future looks like they will be stable.

The Reserve Bank of Australia has indicated that it would like to see our dollar drop further and they can manipulate this by reducing interest rates. Also, the Australian economy seems to be struggling at the moment with the sluggish Chinese economy significantly affecting commodity prices.

We will have to wait and see but with interest rates at a record low there are some great deals out there to be found.

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Life, Income and Mortgage Protection Insurance Leads Australia

Smart Search Finance is now offering the following personal insurance leads to qualified advisors located in Australia only.

The leads on offer are as follows

1. Life insurance leads

2. Income protection insurance leads

3. TPD insurance leads

4. Mortgage protection insurance leads

If you require more information about obtaining insurance leads  in Australia enquire here

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Interest Rates Steady – ANZ, NAB, CBA Westpac, ING, St George

The RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged.

The variable interest rate has remained unchanged since August 2013 at 2.50%

Economists are predicting rates will rise next year as early as March with subsequent rises there after. I never pay too much attention to economists as they very often get it wrong as so many things can change between no and then.

We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate.

Even though variable interest rates are on hold for this month there are many fixed rate home loan and investment loan deals on the market.

Last month the major banks, ANZ, Commonwealth Bank, NAB and Westpac, had a fixed rate interest war and there are some very competitive rates available from all lenders.

If you are interested in exploring this further click the button below.

mortgage-quotes

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Interest Rates On Hold For August ANZ CBA NAB Westpac

interest-ratesThe RBA announced this afternoon they have decided to leave the official RBA cash rate unchanged.

We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate.

Even though variable interest rates are on hold for this month there are many fixed rate home loan and investment loan deals on the market.

Last month the major banks, ANZ, Commonwealth Bank, NAM and Westpac, had a fixed rate interest war and there are some very competitive rates available from all lenders.

If you are interested in exploring this further click the button below.

mortgage-quotes

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NAB Reduces 3,4 & 5 Year Fixed Interest Rates

051255525og2National Australia Bank, NAB, have reduced their 3, 4 and 5 year fixed rates under their Homeplus Package.

See the new fixed rates below

Homeplus Package

Interest Rate

Comparison Rate

Change to Interest Rate

1 Year Standard Fixed Rate

4.79% p.a

5.51% p.a
2 Year Standard Fixed Rate
4.84% p.a
5.47% p.a

3 Year Standard Fixed Rate

4.94% p.a

5.45% p.a

– 0.11% p.a

4 Year Standard Fixed Rate 4.99% p.a
5.43% p.a
– 0.45% p.a
 5 Year Standard Fixed Rate 4.99% p.a
5.40% p.a – 0.70% p.a

These are not the cheapest fixed rate loans on the Australian mortgage market. To compare these interest rates to other lenders feel free to submit to request free mortgage quotes below.

mortgage-quotes

 

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5 Year Fixed Rate War – ANZ NAB CBA and Westpac

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No sooner I wrote that Commonwealth Bank reduced their 5 year fixed rate loans to 4.99%, NAB and Westpac also reduced their rate down to 4.99%.

All these loans are available under their packaged loans where there is an annual fee to be paid, up to $395 depending on the lender.

ANZ and other lenders have yet to reduce their 5 year fixed rate but the pressure from the other majors will see better deals in the coming months.

To see if these loans suit your lending needs feel free to contact us

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