MORTGAGE rates are predicted to hit a horror 10 per cent within the next two years as the Reserve Bank hikes rates to prevent runaway inflation. Continue reading
Tag Archives: mortgage rates
RBA suggest the Big Banks are ripping off customers
THE Reserve Bank has suggested the major banks may be profiteering from their recent round of interest rate increases, arguing moves on lending rates over the past two years have been outpacing funding costs. Continue reading
RBA cuts rates – SMH 2-9-08
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Update Mortgage borrowers got long-awaited rate relief today after the Reserve Bank cut the interest rate, its first reduction in nearly seven years, prompting all major banks to announce their own cuts. Continue reading
Surprise drop in building approvals – SMH 2-9-08
Home-building approvals fell in July, giving Reserve Bank governor Glenn Stevens more scope to cut borrowing costs for the first time in almost seven years later today. Continue reading
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