Swan warned: Home is where the hurt is
THE Government is bracing for a savage backlash from home buyers who believe they have been singled out to fight inflation.
Interest Rates
Housing stress levels overstated – RBA
THE RBA says a typical household can afford to spend much more than the old benchmark of 30pc of its income on a mortgage.
ANZ slaps homeowners with rate hike
ANZ has slapped homeowners with more mortgage pain after the bank lifted its variable mortgage interest rates to nearly 9.5 per cent.
Triple blow on rates, petrol and inflation
FAMILIES are facing a triple blow as yet another rate rise looms, petrol prices appear certain to jump, and inflation goes through the roof
May rate hikes a ’50/50 chance’
A JUMP in inflation has wiped out any thoughts of interest rate cuts this year and put the odds of a hike next month at 50/50.
Tough budget ahead
THE Federal Government will have to deliver an extremely tough budget if it is to avoid further interest rate rises this year, a leading economic forecaster has warned.
Inflation to hit 17-year high
INFLATION is expected to have grown further in the first quarter of 2008, as food, petrol and commodity prices soared. Rising inflationary pressures…
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.
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.
Original URL: https://www.news.com.au/finance/economy/interest-rates/page/79