Soaring rates a boon for savers
RATES jumped on almost 200 home loan products in the first week of December, with the average variable rate hitting 6pc.
Interest Rates
Market heat on interest rates eases
THE market odds have moved firmly against an interest rate rise by the Reserve Bank in February.
Low rates wouldn’t be fair – Westpac
WESTPAC tries to justify its recent increase to home loan rates, saying it would do no-one favours to offer rates that were unsustainable.
‘Rates were too low’, says RBA
THE RBA raised interest rates for a third time in a row this month because of an ‘expanding’ economy, board minutes show.
Lenders get clingy to keep customers
MORTGAGE lenders have a few sneaky tricks up their sleeve to keep you as a customer.
Homeowners face big bill to leave bank
WESTPAC customers take their mortgages elsewhere to take advantage of lower interest rates could be slugged $1750 in fees.
No one will lose their house – Westpac
WESTPAC is unapologetic about its monster rate hike and says it is not a low-cost “Jetstar” bank.
Retail spending may hold off rates
INTEREST rates could stay unchanged before Christmas after shoppers tightened their purse strings in September and retail spending dipped.
NAB rate hike sparks mortgage price war
NAB hikes rates and takes aim at Westpac, making a direct pitch at its rival’s customers.
Greedy Westpac ‘spoils’ Christmas
OUTRAGED home buyers branded Westpac “disgusting” after the bank almost doubled the RBA’s rate rise.
Shock rate rise justified, says Westpac
WESTPAC has defended its 45-basis-point hike in variable mortage rates, saying it’s feeling the pressure from funding costs.
Third rate rise on the way next week
RBA official says Australians can afford to service their mortgages at higher interest rates as experts tip another rate hike next week.
Leaders beg RBA to show restraint
A CHORUS of business leaders, led by Aussie chairman John Symond, has pleaded with the Reserve Bank to take baby steps in its push to raise interest rates away from “emergency levels”.
Being smarter about interest rate rises
AUSTRALIAN borrowers are becoming more savvy about dealing with interest rates, write David and Libby Koch.
Rivals angry at ANZ’s rate promise
AUSTRALIA’S biggest home lender has been rankled by ANZ’s pledge to keep rate increases on mortgage rates in line with RBA movements.
Ask for a pay rise, risk a rate hike: RBA
AUSTRALIANS could be slapped with another interest rate rise if they push wage demands too far, the RBA has warned.
Jobs drop likely to ease pressure on rates
A SURPRISE fall in Australian job numbers last month on the back of weak retail sales and high petrol prices means official interest rates will remain on hold in 2008, economists say.
High rates scare off borrowers
THE HOUSING market is likely to remain depressed for the rest of the year, an economist warns as high rates scare off borrowers.
RBA keeps interest rates steady at 7.25pc
AUSTRALIA’S central bank has today decided to keep interest rates on hold at 7.25 per cent, which will keep standard variable mortgage rates at…
Rates steady now, but upward risk
THE inflation outlook for the second quarter has deteriorated, fresh data shows, increasing fears of another rise in interest rates later this year.
Cutting back on basics as rates bite
HOMEOWNERS are cutting back on necessities as well as luxury items as they struggle to cope with rising interest rates.
Double digit interest rates ‘within months’
HOME loan rates are set to hit double digits and push 10 year highs if bearish predictions by ANZ come true.
Reserve fuels rate rise fears
BUSINESS and mortgage holders face further interest rate rises, with the Reserve Bank harbouring doubts that it has done enough to douse inflationary expectations and cap wage and price rises.
RBA leaves door open for rate rise
HIGH inflation had the Reserve Bank of Australia (RBA) agonising over whether to raise interest rates this month, board minutes reveal.
Unofficial rate rises could end – NAB
NAB’S chief executive John Stewart says more unpopular mortgage hikes independent of RBA moves are ‘unlikely’.
Wage demands could push up rates – RBA
THE RBA has warned that workers who demand more pay to meet their rising living costs could spark further rate rises.
RBA keeps official interest rate on hold
HOMEOWNERS could face further home loan pain, despite the Reserve Bank today keeping the official interest rate on hold at 7.25 per cent.
Prices go up, interest rates may follow
INFLATION has 4.2 per cent, the highest since 1991 when you could get a beer for $1.50 and a litre of petrol for 70 cents. NEWS.com.au compares the cost of living then and now.
Rates in doubt as producer costs jump
RISING costs and soaring oil prices have stoked fears rates will stay higher for longer
Rate rises paying off – RBA
THE local financial system is in good shape with lending to businesses and individuals coming off the boil, RBA data shows.
Original URL: https://www.news.com.au/finance/economy/interest-rates/page/74