Interest Rates Remain Stable for March

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The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 2% for the 11th straight month. Some economists are expecting variable interest rates to fall in the upcoming year with the earliest rate relief as early as May.

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 you have any questions about the announcement or interest rates, please feel free to contact us.

To view and compare current home loan and investment loans click the link below.

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Suncorp Bank Special Offers

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Suncorp Bank from Wednesday 13 January they are offering the following for New Home Package Plus offers;

  • – discounts of 1.55% p.a. on Standard Variable loans over the life of the loan, available for owner occupied and investment lending
  • – 0.35% p.a. discount on 3 Year Fixed Rate loans, also available for owner occupied and investment lending.
  • – waiving the Home Package Plus annual package fee for the first year (normally $375) for new Home Package Plus customers taking out new lending of at least $150,000

For more information contact us to take advantage of this offer.

Follow the link to compare home loans from these lenders and the Australian mortgage market.

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Westpac Home Loan Special Offers

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Westapac are offering a $1,250 refinance rebate offer for home loan and investment loan customers.

Here are the main conditions of the offer;

  • – Only available for home and investment loans
  • – eligible applications received from Tuesday 1st September 2015 and conditionally approved by Saturday 30th April 2016. Loans must settle on or before Thursday 30th June 2016.
  • –  Only 1 rebate is available per new property refinance from another lender.

For more information contact us to take advantage of this offer.

Follow the link to compare home loans from these lenders and the Australian mortgage market.

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St George, Bank of Melbourne, Bank SA Special Offers

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St George, Bank of Melbourne and Bank SA are offering a $1500 refinance cashback until further notice. This is available for owner occupier and residential investment refinances.

  • – To be eligible for this cashback you must satisfy the following conditions;
  • – Limited to one customer only. Customers with multiple applications are limited to this offer only once.
  • – Only available for loans under the Advantage Package Only. Excludes Portfolio loansMinium loan amount is $250,000
  • – Must have a transaction account linked to the refinanced home loan at time of settlement
  • – Not available for existing customers from St George Bank, Bank of Melbourne and Bank SA.

For more information contact us to take advantage of this offer.

Follow the link to compare home loans from these lenders and the Australian mortgage market.

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Commonwealth Bank Home Loan Special Offers

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From Monday 8th February to Saturday 30th April 2016 Commonwealth Bank are offering a refinance cash back of $1,500 to customers who refinance their Home loan,  Investment Home Loan or Line of Credit from another financial institution.

Here are some of the conditions of this offer;

  • – Minimum loan amount is $250,000
  • – Not available to existing Commonwealth Bank customers
  • – Only available to one customer only regardless of the number of transactions
  • – Must have a Commonwealth Bank Savings Account, transaction account or Veridian Line of Credit to receive this cash back

For more information contact us to take advantage of this offer.

Follow the links to compare Commonwealth Bank home loans or to compare home loans from the Australian mortgage market.

 

 

 

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Interest Rates Stable at 2%

interest-ratesThe RBA has today announced that in its first board meeting of 2016, it has decided to keep the cash rate on hold at 2%.

Economist expect interest rates to fall or remain stable within the coming months.

As a result of the announcement, I would expect that most lenders will leave their home loan variable interest rates unchanged. Smart Search will continue to monitor lenders for rate changes outside the official rate.

 

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