Borrowers not scared of floating loans
FIXED rate home loans are becoming a less attractive option for borrowers as talk of further rate rises by the Reserve Bank dies down.
Interest Rates
Rate hikes slowing economy
THE Reserve Bank of Australia (RBA) says an interest rate hike was unnecessary this month as higher rates were already working to slow the domestic economy.
Rates bite at home loan numbers
HIGHER interest rates look to have begun taking their toll on home loan numbers after national housing finance figures fell 5.9 per cent.
More Australians retiring with a mortgage
MORE Australians are retiring with a mortgage on their home, which means rising interest rates are having more impact than they used to.
Borrowers are in a fix on rates
TWO thirds of home owners believe another rate rise will force them to either refinance or sell their homes, a survey shows.
Slowdown sets up rates slide
INTEREST rates may drop back to 6 per cent by late next year, as the latest economic data shows a significant slowing in the economy.
Economists defend RBA boss
PRIVATE sector economists have defended embattled RBA governor Glenn Stevens but he has won little support from politicians.
Banks are ready to ratchet up loan rates
BANKS are expected to follow the RBA’s advice this week, hitting struggling home owners with yet another independent rate rise.
RBA recognises mortgage stress
RBA GOVERNOR Glenn Stevens has acknowledged that recent rate rises have put significant pressure on borrowers.
Recession unlikely, RBA boss tells student
INTEREST rates have risen far enough to bring inflation back below the Reserve Bank’s target, RBA governor Glenn Stevens says.
Commonwealth Bank slam borrowers
IF you’re after the highest variable home loan rate in the land, then it’s time to step into a Commonwealth Bank branch, which is slapping borrowers hard.
Houses will never be affordable – RBA
AUSTRALIANS should resign themselves to the fact that housing will never be affordable, a housing report from the Reserve Bank says.
RBA holds fire on rates – but where next?
THE Reserve Bank sat on its hands on Tuesday, opting to keep the official cash rate steady at 7.25 per cent, in line with market expectations.
Risky time to lock in rates
ALTHOUGH banks continue to raise home loan rates, it could be too late to think about fixing your mortgage if you want long term savings.
April Fools’ rate hike unlikely
HOME buyers are universally tipped to be spared an April Fools’ Day interest rate rise as the global credit crunch restrains the RBA in its battle against inflation.
RBA ‘happy’ with big bank rate hikes
THE RBA is happy with the major banks putting up their lending rates beyond official moves in the cash rate because it helps in the fight against inflation, economists say.
Don’t blame banks for rate hikes – RBA
RESERVE Bank governor Glenn Stevens says it is unrealistic to expect banks to move their lending rates with the official cash rate given “the recent environment”.
Credit woes destroying lending market
THE global credit crunch is destroying competition in the home-lending market, leading to the threat of permanently higher mortgage interest rates.
Home loans defy credit turmoil
HOME buyers flocked to mortgage brokers in the December quarter, shrugging off the effect of interest rate rises, a sagging share market and the Federal election.
May rate rise not a sure bet
A RATE rise in May is not a sure bet, as the RBA grows wary of tightening the screws too hard and slowing the economy too much.
Mortgage stress hits rich
MORE than 700,000 households will come under some mortgage stress by June, with financial grief also hitting higher income families.
Negotiate a better deal at the bank
ABOUT 20,000 people a month are refinancing their home loans as they struggle to cope with rising interest rates.
Savings setback is bank robbery
PROFIT-soaked banks are plundering their own customers with an unfair double-whammy – lifting loan rates more than the interest they pay out in savings and term accounts.
ANZ and St George hike rates
ANZ and St George have both hiked home loan interest rates by 35 basis points – outstripping the RBA’s rate hike by 10 basis points.
Borrowers refinance as rates start to bite
HOME loan activity jumped unexpectedly in January, as borrowers juggled their finances to cope with rising interest rates.
NAB warns of more rate hikes
NAB has warned it could further lift home-loan rates independently of the RBA after modestly exceeding the 25bp hike in official rates
St George mulls 40bp rate hike
ST GEORGE Bank has sent a strong signal it is considering jacking up its lending rates, including home loans, by as much as 40 basis points.
Bank lending will get tighter, warns RBA
THE Reserve Bank has warned that banks will make borrowing harder as part of the process of reining in excess growth in the economy.
RBA may be ready to pause
AFTER 12 consecutive interest rate rises, the RBA is seeing signs of a slowdown in domestic spending, writes Scott Murdoch.
Banks to raise rates any day now
HOMEOWNERS are likely to feel the bite of higher mortgage repayments sooner rather than later, with three of the big banks already reviewing their…
Interest rates rise to 12-year high
THE central bank has boosted official interest rates by 25 basis points to 7.25 per cent, the highest level in over 12 years, to combat rising inflation.
To fix or not to fix your home loan
IF you’re thinking of fixing your loan to offset rising interest rates, the chances are it could be too late.
Rates outlook – why we’re hurting
WITH home buyers being squeezed like never before, economists are tipping another rate rise when the RBA meets next week.
House prices to fall as rates rise
BIG city house prices will fall if interest rates continue to climb, as struggling homeowners are forced to sell-up, a real estate body says.
House sales mixed amid rate rise fears
THE threat of rising interest rates cast a pall over home sales at the weekend in Sydney, while the Melbourne market was more robust.
Plundering super to pay the mortgage
DESPERATE Australians are draining their super nest eggs to fend off mortgage foreclosures in record numbers.
Bank bills surge to push up fixed rates
SHORT-TERM funding costs for Australian banks and corporates have shot up to a 13-year high as money markets take fright at the double interest rate hike expected this year.
RBA ready for March rate rise
THE Reserve Bank is preparing to raise rates again in March in an effort to head off a wage-price spiral
RBA too slow to act on inflation
THE Reserve Bank has been criticised for not taking earlier action on interest rates to avoid the spike in inflation.
Get used to more loan pain
THE message was — should have been — as clear as it was brutal. A message homeowners and prime minister and treasurer need to absorb. Indeed everyone.
Interest rates rise to 12-year high
THE Reserve Bank has lifted official interest rates by 25 basis points, taking them to 7 per cent, the highest they have been in 12 years.
Rate rise: One’s not enough
THE near-certain interest rate rise to be delivered today by the Reserve Bank is being forecast as being too small to stem inflation.
PM’s friendly reminder to RBA
KEVIN Rudd has reminded the Reserve Bank of his plan to massively boost the budget surplus and tackle inflation, ahead of a likely interest rate rise.
RBA walking a fine line
EACH increase in interest rates raises the chances that the Reserve Bank will take a step too far, writes David Uren.
Rate rise next week, say experts
STRUGGLING home owners are tipped to cop yet another interest rate rise next week as the highest annual core inflation numbers in 16 years force the RBA to act.
Housing loans changing shape
A THIRD of all home loans approved in December were for investment properties, with fixed rate loans popular, according to national mortgage broker AFG.
Exit fees squeeze loan churners
SHELLING out thousands of dollars in exit fees for refinancing your home loan can be avoided if you do your homework before signing on the dotted line.
Original URL: https://www.news.com.au/finance/economy/interest-rates/page/75