Tag Archives: Historical motgage rates

Australian Housing Lending Rates

Average Australian Housing Lending Rates Up until recently average Australian Housing Lending Rates have closely followed the official interest rate as issued and declared by the Reserve Bank of Australia. The graph included in this post illustrates this correlation. Please … Continue reading

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Mortgage Exit Fees

With all the talk recently regards “Mortgage Exit Fees”, I feel compelled to add my penny’s worth. Specific mortgage exit fees have always been very reasonable. Most lenders charge a standard fee to tidy up their book work. My experience … Continue reading

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Bad News On Home Loan Interest Rates

Big Bank Rip-Off Exposed The bad news of the day is that the RBA has increased its cash benchmark rate by 25 basis points (to 4.25%). The RBA has been spooked by real-estate data indicating an Australia wide increase in … Continue reading

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RBA Hikes Rates Again

Home loan interest rates are still very low. Indicator home loan rates last 50 years. The RBA has lifted rates by .25% today. For home mortgage holders this means a minimum increase of $47 a month on an average $300,000 … Continue reading

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What Fees To Expect For A Fixed Rate Home Loan

Typical application fee: $600 to $800 (May be less if you already have a loan). Be prepared to pay a higher application fee if you are buying a unit or property off the plan. If you plan to repay or … Continue reading

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Rate Cut Check Your Statement

When the Board of Reserve Bank of Australia announce a rate cut, they are talking about a thing called the cash rate. The cash rate is the overnight money market interest rate. The overnight money market is where many home … Continue reading

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Standard Variable Home Loan Interest Rates Cut

All the major banks have announced further cuts to their standard variable mortgage interest rates in recent days. Most have bought their rates down by .21%. I take this as proof that the Federal Government’s bail out of the finance … Continue reading

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Home Loan Rates To Tumble

Home Loan Rates in the 5% range not out the question. Continued pessimism and low clearance rates for property sales in Australia has led to a chorus of economists predicting official interest rates will be near zero by 2010. Home … Continue reading

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Increase Age Pensions Now Mr Rudd

The Reserve Bank has come to the rescue of big business, now Mr Rudd please come to the rescue of the less fortunate. The Board of The Reserve Bank of Australia today decided to lower the official Government cash interest … Continue reading

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Property Boom or Bust,but Profit Assured

Australian Property, Boom or Bust on US crisis? Could Australian property prices collapse and go bust as part of a domino effect from the US Sub Prime crisis and credit default swap dilemma? Last week many popular media outlets reported … Continue reading

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