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Great article from VOW Financial: “When structuring a home loan, investors have different needs to consider than owner occupiers. It’s not uncommon to see investors make the costly mistake of taking out loans that don’t have the flexibility required to…
At its meeting today, the Board decided to reduce the cash rate by 25 basis points to 3.0%, effective 5 December 2012. If the full cut is passed on, it would save someone with a $300,000 variable rate mortgage around…
The Reserve Bank has left interest rates on hold at 3.25% following a robust inflation reading in September 2012 making yesterday the first Melbourne Cup Day in 6 years that rates have remained unchanged. Whilst there was no further cut…
So which lenders passed on some of that 0.25% rate cut on 2/10? Here’s a summary for you so far! But don’t worry THLC can do better for you Bank of Queensland -0.20% (SVR now 6.71%) Commonwealth Bank -0.20% (SVR…
Why do we focus so much on interest rates? Apart from the fact that if the full 25 basis point cut in the cash rate to 3.25%is passed on in full by lenders, it would reduce the average monthly repayment…
As THLC expected, today the RBA Board decided to lower the cash rate by 25 basis points to 3.25%. Some key points made by the RBA in their decision today: • Inflation has been low, with underlying measures near 2%…
Existing FHOG of $7,000 will be abolished for existing properties. New FHOG will however more than double to $15,000 from 1 October 2012 ($10,000 from 1 January 2014) for new properties up to $650,000; A New Home Grant…
Have you been thinking about switching your home loan to a fixed rate? While variables are an attractive offer with low rates, there is no guarantee they will remain so. Locking in your loan to a fixed rate when those…
The consensus among many bank economists is that interest rates will continue to fall up until the end of this year. Westpac Chief Economist Bill Evans said he expects the RBA will lower rates by 50 points to 3% by…
The RBA kept the cash rate at 3.5% in September. The rate has been the same since June 2011 and the last time they were below this was in 2009. Reading the minutes from the 18 September 2012 RBA meeting,…
