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The 13th cash rate increase in the Reserve Bank’s fight against inflation will be unwelcome news for mortgage holders, home
The Reserve Bank of Australia is facing a major overhaul that would change how interest rates are set after a review into its future. Treasurer Jim Chalmers will on Thursday … Continued
The post Massive overhaul of Reserve Bank to change how rates are set appeared first on The New Daily.
Australians are being urged to consider refinancing their home loans as new data shows almost a quarter of mortgage holders are paying interest rates at least 1.8 per cent above … Continued
The post Big mortgage savings if you ditch ‘out of date’ rates by refinancing appeared first on The New Daily.
Great news for mortgage holders and first home buyers! Westpac, one of the leading Australian banks, has revealed its forecast
Rapid interest rate rises have spurred a refinancing boom but many borrowers are still paying the price for their complacency. Almost a quarter of all borrowers are paying 6.5 per … Continued
The post Complacent mortgage holders stung by higher rates appeared first on The New Daily.
Economists say a recession is still possible as global conditions remain volatile and Australian households and businesses feel the pain of higher interest rates. The Reserve Bank on Tuesday lifted … Continued
The post Economist warns ‘there will be recession fears’ as rates bite appeared first on The New Daily.
Millions of Australian home owners are facing yet another rise in their mortgage bills, with the Reserve Bank widely expected to raise interest rates again on Tuesday. About $832 has … Continued
The post Mortgage squeeze to worsen as RBA prepares rate hike amid refinancing binge appeared first on The New Daily.
Hundreds of thousands of Australians are bracing for a spike in their interest rates when their fixed rate mortgages end this year. Finance Minister Katy Gallagher says 20 per cent … Continued
The post More mortgage pain to become reality appeared first on The New Daily.
Treasurer Jim Chalmers has warned inflation is about to get “significantly higher” – although he expects interest rate rises to put a lid on spending. It came as more home … Continued
The post ‘Significantly higher’: Treasurer’s inflation warning, as banks lift mortgage rates appeared first on The New Daily.
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