Last Big Bank smacks Aussie homeowners
Australia’s biggest bank is the last of the Big Four to slug Aussie homeowners with another lift in interest rates. Here’s how much you’ll pay.
Interest Rates
One group of Aussies to blame for cost crisis
One group of Aussies are “undermining” efforts to ease inflation and some of the nation’s most vulnerable are paying the price.
Mortgage pain worsens as banks hike rates
Almost all of the big four banks has announced it would lift interest rates once again in response to the RBA’s Melbourne Cup hike, increasing pressure on homeowners.
NAB lifts interest rates in RBA response
NAB has become the first big four bank to pass on the RBA’s November interest rate rise in full.
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500,000 Aussies facing mortgage ‘cliff’
Hundreds of thousands of mortgage holders face a jarring surge in repayment costs in the coming months as their ultra-low fixed-term plans wind down.
Money argument Boomers always get wrong
Bring up today’s cash rate and Boomers will often retort with the 17 per cent rate of the 1980s. But it turns out their argument simply doesn’t stack up.
Money off table as global recession rears head
Investors wiped $42bn off Australian shares as higher-than-expected US CPI data stoked fears of rampant inflation fuelling aggressive rate rises that may cause a global recession.
Afterpay owner savaged in tech bloodbath
A worrying sharemarket sell-off resumed on Thursday in the wake of concerning US data, with one particular tech stock savaged.
Mining giants help ASX stem the bleed
Gains for the major miners helped the Australian sharemarket avoid a fourth straight loss and consolidate its position above the 7000 level.
Homebuyer spending collapses
New data suggests fewer people will enter the housing market amid fears of more interest rate rises, but one of Australia’s top four banks insists the economy is strong.
Commodity calamity whacks ASX lower
The ASX tumbled again amid fears Chinese Covid-19 lockdowns and rate hikes will hurt global growth, with mining and energy companies particularly affected.
Where to find the best home loans
Some of the best home loan lenders are offering small interest rates and other benefits. Here’s what you need to know.
Original URL: https://www.couriermail.com.au/business/economy/interest-rates/page/172