Christmas Home Loan Cut Off Times

November 22, 2016 First Home Buyer, Home Loans, Refinance by Administrator

In a rush to get home loan and investment loan paper work processed before Christmas, lenders have set specific dates for submission. Below I have provided a list of estimated cut off dates before the 23rd December deadline. This summary of what lenders are doing and you should check with your lender or broker
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Melbourne Cup Day Interest Rates Stable at 1.50%

November 1, 2016 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commercial Loan Interest rates, Fixed Rates, Home Loans, ING Direct, NAB, Suncorp, variable interest rate, Westpac by Administrator

On Melbourne Cup day the Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%. We expect that most lenders will leave their variable interest rates unchanged but we will continue to monitor lenders for rate changes outside the official rate. If there are
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Commercial Loan Update October 2016

October 13, 2016 Commercial Loan Interest rates, Commercial Property Loans, Fixed Rates, Interest Rates, variable interest rate by Administrator

. The past month has seen variable commercial property loan interest rates fall inline with the Reserve Bank of Australia’s decision to reduce interest rate in August. Fixed rates have also fallen but we see a slight increase in the 5 years fixed rate across the board. Similarly, low doc commercial rates and business loans
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Interest Rates On Hold For October at 1.5%

October 4, 2016 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commercial Loan Interest rates, Commercial Property Loans, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, NAB, St George, Suncorp, variable interest rate, Westpac by Administrator

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
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Banks Passing on the 0.25% Interest Rate Cut for August 2016

August 2, 2016 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commercial Loan Interest rates, Commonwealth Bank, ING Direct, Interest Rates, NAB, RAMS, St George, Suncorp, variable interest rate, Westpac by Administrator

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
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August Interest Rate Cut to 1.5%

August 2, 2016 Fixed Rates, Interest Rates by Administrator

After speculation that the Reserve Bank of Australia was going to reduce interest rates by 0.25% due to low inflation they have decided to reduce rates to 1.50% – a historic low. It is expected that the major banks and other lenders will not pass on the full 0.25% rate cut but we will monitor
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