Reserve Bank Raises Rate Again

The Reserve Bank raised the cash rate by 25 basis points  to 4.50% today, 5th May 2010 for the 3rd time this year. ANZ were one of the first lenders to respond and raised their rates by the 25 basis points as well.

Hopefully the Reserve bank feels this is sufficient and at the next meeting decides to keep the rates on hold but we won’t hold our breaths.

Lo Doc Loan to 80% for Purchases

The lo doc loan market has changed quite a bit over the past 6 months or so. We still do have lo doc loans that do not require any BAS statements or bank statements up to 80% LVR at excellent rates. Lo Doc refinances are also available so please contact us for further information. Visit our web page for further details online.

Reserve bank raises rate again

In another sign of the domestic economy’s growing strength, the Reserve Bank of Australia has raised the official cash rate 25 basis points to 4.25 per cent – the second rate hike for 2010. CBA has already announced a 0.25% raise on their standard variable rate as well and we will see over the next few days what the other lenders are doing.

We have some of the best fixed rates available and some new specials starting this week so if you think you are not getting the best deal from your current lender, please feel free to contact us for an obligation free quote.

Rate Rise

The Reserve Bank of Australia’s (RBA) decision to lift its key interest rate again is always unwelcome news.

The RBA raised the cash rate by 25 basis points to 4.0 per cent after Tuesday’s monthly board meeting, a move expected by a majority of economists. So far the lenders have reacted by following the 25 basis points increase on their books as well.

Decreasing Fixed rates?

Friday afternoon and some good news on the 2 and 3 year fixed rates. Over the past few weeks lenders have slightly decreased their fixed rates, not by much but anything decreasing your repayments at the moment is a huge bonus nowadays.

Check out this new 3 year fixed rate special from one of our lenders, really good rate and one of the most flexible fixed rates in the market today as it allows for unlimited lump sum repayments as well as 100% offset accounts. A cheaper and more flexible fixed rate than this will be pretty hard to find. Click here for more information.

Reserve Bank Keeps Rates on Hold

Australia’s big four banks say they will hold standard variable home loan rates steady after the central bank left the official interest rate unchanged on Tuesday, a move which surprised most economists.
The central bank decided to leave the rate unchanged and the major lenders hiking the rates by more than the last reserve bank rate rise has been one of the reasons why.

The Reserve Bank of Australia (RBA) left the official interest rate unchanged at 3.75 per cent on Tuesday. This is good news for our borrowers as people need a breather from their Christmas expenses and many borrowers are struggling with their mortgage repayments at the moment.
As a broker we can still find borrowing solutions for people finding it hard to cope or are struggling with repayments so please do not hesitate to contact us and discuss your situation, our advice is free.
A home loan health check once or twice a year is always a good idea. Cheers to a prosperous 2010.

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