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To Fix or Not to Fix?

By the resi financial blog team, 15 January 2015

To Fix or Not To Fix

Throughout last year, most commentators were confident that the next direction for interest rates was going to be up. But with concerns building about the strength of the economy, speculation now is centered on the likelihood of a rate cut – perhaps by as early as April. 

With this possibility in mind, borrowers who were proceeding to take out a fixed rate loan to lock in the current low rates may now be having second thoughts. Instead, they are wondering if they should wait to see if rates are going to drop further.

Fixed loans provide surety around ...

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Rates remain unchanged for the 14th straight month

By the resi financial blog team, 08 October 2014

October 2014 RBA update

The Reserve Bank of Australia left rates unchanged at 2.5 per cent for the 14th straight month at its latest board meeting, with RBA governor Glenn Stevens again reiterating that the dollar remains too high.

He says while the exchange rate has declined recently – largely reflecting the strength of the US dollar – it is still high by historical standards, “particularly given the further declines in key commodity prices in recent months”.

Mr Stevens says monetary policy remains accommodative. “Interest rates are very low and have cont ...

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Check That Loan Isn't Too Good to be True

By the resi financial blog team, 12 August 2014

Weigh up whether your rate is a bargain

Over the last few years borrowers have seen a range of new products appear in the mortgage industry – and some with rates that seem too good to be true.

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August Month in Review: RBA continues holding pattern on rates

By the resi financial blog team, 06 August 2014

RBA update August 2014

At its August board meeting, the Reserve Bank of Australia left the cash rate once again on hold at 2.5 per cent. The decision means that rates have been on hold for 12 months – the longest single period since 2006.

The RBA said monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. “On present indications, the most prudent course is likely to be a period of stability in interest rates,” RBA governor Glenn Stevens said.

In the statement, Mr Stevens said that conditio ...

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Month in Review: April 2014

By the resi financial blog team, 02 April 2014

Month in review April 2014 Finance

Month in Review: April 2014

For the seventh consecutive meeting, the Reserve Bank of Australia has kept the cash rate on hold at 2.5 per cent.

However, it appears even more likely that a rate rise will occur before the end of the year. One factor behind this expectation is the significant increase in housing prices over the past year. House prices rose by 2.3 per cent in March over Australia’s eight capital cities to take the total growth for the first quarter to 3.5 per cent.

Reserve Bank governor Glenn Stevens says while there ...

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