Online Home Loans News

LJ Hooker to launch mortgage product - Jul 29, 2010
LJ Hooker is to re-launch its house brand mortgage product after announcing a joint financial services agreement with Australian stock exchange-listed mortgage and financial services distribution group, Firstfolio Ltd...

'No rate hike' on soft inflation numbers - Jul 29, 2010
A surprisingly soft inflation number has all but ruled out the chance of an interest rate hike next week...

Rate rises unlikely to top official move: Citi - Jul 28, 2010
Citibank Australia's chief executive says it is unlikely his bank would have to lift its mortgage rates by more than an official rate rise, if there is one next week...

Save yourself some angst - Jul 27, 2010
Prospective first home buyers need to start planning earlier, writes Bina Brown.

The federal government's first home owner's grant may not be as generous as it was but grants, concessions and reprieves from stamp duty may still be available...

PPI won't curb rate rise: economists - Jul 27, 2010
Weaker than expected producer price data won't stop the Reserve Bank of Australia (RBA) from raising the official interest rate in August, economists say...

Inflation data key to rate rise decision - Jul 26, 2010
What do Julia Gillard, Tony Abbott, central bank chief Glenn Stevens, economists and working families have in common?

They're all waiting for the next round of official inflation data due next week...

Election rate rise possible, inflation key - Jul 21, 2010
The Reserve Bank has all but confirmed next week's inflation figures will be the deciding factor in whether it lifts rates in August...

Home loans lift after April lows - Jul 19, 2010
THE housing finance figures for May posted a surprising rise, with the number of loans to owner-occupiers rising by 1...

Expect more rate rises from banks: PIMCO - Jul 15, 2010
The world's biggest bond manager has warned that Australian banks may need to pass higher funding costs on to borrowers, but only two more rate rises were likely from the central bank...

Home loans up for first time in eight months - Jul 13, 2010
A WEAK spot in the property market is showing tentative signs of recovery, after a surprise bounce in new lending to home buyers...

Macquarie launches mortgage product - Jul 13, 2010
Macquarie Bank has launched a new mortgage-based product that is aimed at borrowers who want to use their mortgage as part of their wealth creation strategy...

Rates may rise in August: economists - Jul 07, 2010
Borrowers have avoided an extra squeeze on their finances after the Reserve Bank of Australia (RBA) paused on interest rates for a second consecutive month...

APRA urges banks to top up reverse mortgage cover - Jul 07, 2010
THE bank regulator has urged lenders to keep their levels of capital topped up to cover their exposure to reverse mortgages, cautioning that these loans rank among some of the highest risk...

Six-year wait to save deposit for first home in Sydney - Jul 06, 2010
THE time it takes first home buyers to save a deposit has increased by a year in the past 12 months, according to fresh analysis of census and housing price data, making the average wait for Sydney 6...

Global woes to keep rates steady in July - Jul 05, 2010
Borrowers are set to be spared a rate rise for at least another month with economists tipping the central bank to leave monetary policy unchanged next Tuesday...

Turf battle looms over reverse mortgage advice - Jul 05, 2010
Both the National Information Centre for Retirement Investments (NICRI) and the Senior Australians Equity Release Association of Lenders (SEQUAL) are currently lobbying the Government to fund advice on reverse mortgages, but disagree on one major point...

BT dealer groups step into mortgage advice - Jun 22, 2010
BT-owned dealer groups Securitor and Magnitude are among the latest to formalise a relationship with a mortgage broker as they seek to expand their potential revenue streams and broaden services to clients...

Home loan fee challenge - Jun 16, 2010
NON-BANK lenders may be acting illegally when they charge borrowers exit fees of up to $14,000 for repaying variable rate home loans early, research has found...

Consumers brace for higher rates - Jun 15, 2010
Most homeowners still believe that higher interest rates are on the way, despite the Reserve Bank of Australia (RBA) holding fire on an increase this month and saying rates are now "normal"...

'Financial shock' risk for borrowers - Jun 09, 2010
Australia's record mortgage debt could expose some borrowers to greater ''financial shock'' should interest rates or joblessness rise, a credit ratings agency has warned...

Impartial advice is key - Jun 08, 2010
Customers of some mortgage brokers may not be getting mortgages that are best suited to their needs because some big lenders require brokers to sell a minimum number of their mortgages...

Reserve Bank tipped to show mercy - Jun 08, 2010
Reserve Bank chief Glenn Stevens is tipped to indicate a rate rise pause when he speaks in the heart of outer Sydney's mortgage belt this week...

Rates are on hold, Reserve chief says - Jun 02, 2010
NEW signs have emerged of a slump in home building and consumer spending, and the Reserve Bank has signalled that interest rates will stay on hold for some months...

RBA hints at rate rise pause - May 19, 2010
BORROWERS can expect a reprieve from more interest rate rises in the next few months, analysts say, after the strongest signal yet from the Reserve Bank that lending rates are on hold...

Reserve warns lenders to be prudent - May 19, 2010
The Reserve Bank of Australia (RBA) has warned lenders and borrowers to be prudent while giving an assurance that Australia does not have a speculative housing bubble on its hands...

Demand for home loans dives again - May 13, 2010
Demand for home loans dropped for a sixth straight month in March, suggesting rising interest rates were already biting prior to the last two rate increases...

Banks pounce on interest rate hike - May 05, 2010
The big banks have already moved to pass on in full the Reserve Bank's 25 basis point interest rate rise...

Banks turn loan shy - Apr 27, 2010
First-home buyers and those looking to refinance may find it increasingly difficult to secure a loan as big banks turn to business lending...

Baby boomers play banker for next generation - Apr 14, 2010
The continuing credit crunch has taken mortgage lending back to the future.

Just like 30 years ago, if you are cashed up and have a long history with your bank you might be lucky enough to get a loan...

Interest rate rises to 'impact' overextended homeowners - Apr 08, 2010
There is concern that homeowners who borrowed money when interest rates were lower will now start to struggle...

Economists tip more rate rises - Apr 07, 2010
The Reserve Bank of Australia (RBA) has slugged borrowers with another interest rate rise but economists say there might be only one or two more rate rises to come before the central bank takes a break from its hiking cycle...

Economists expect rate rise after Easter - Mar 30, 2010
Interest rates could be set to rise again in April after Australians return from their Easter break.

Home borrowers are still dealing with March's rate increase, on top of three hikes at the end of 2009...

AMP cuts rates on entry level mortgages - Mar 22, 2010
A stronger securitisation market has enabled AMP Bank Ltd to lower interest rates on its entry level home loan products after hiking mortgage rates earlier this month...

Fast-track your home deposit - Mar 08, 2010
Special-purpose savings accounts can earn up to 34 per cent thanks to government incentives.

Surprisingly few people have taken advantage of the new First Home Saver Accounts (FHSAs) despite the lure of a federal government

co-contribution and a tax break on interest earnings...

Banks holding RBA line - for now - Mar 03, 2010
MORTGAGE holders can breathe a guarded sigh of relief after the first official rate rise of the year...

Spare change can liberate your mortgage - Feb 26, 2010
Don't let your spare cash sit idle. Use a home loan offset or redraw account to earn the equivalent of 12...

Housing affordability plunges on rising prices, rates - Feb 23, 2010
A leading industry group says housing affordability has slumped more than 20 per cent in the past year due to rising interest rates and house prices...

Recovery bolsters mortgage competition - Feb 22, 2010
A RECOVERY in securitisation markets is gathering pace with an increasing number of banks and financiers managing to get away issues that are bolstering competition in the home loan sector...

Don't get out of your depth - Feb 19, 2010
Property investors who are hoping for easy money and first-timers keen to get a foothold on the property ladder will have to weigh the numbers carefully...

Credit underwriting rules set to tighten - Feb 15, 2010
Big and regional bank loan officers expect credit underwriting standards for home loans and small businesses to be tightened further in 2010...

Rising rates drive loan delinquencies - Feb 15, 2010
Mortgage delinquencies are set to rise in 2010 as borrowers battle rising interest rates and Christmas-induced credit card bills, says global ratings agency Fitch...

Treasurer's reassurance for home buyers - Feb 10, 2010
The Treasurer, Troy Buswell, says he is taking steps to find a solution to protect homebuyers and builders when a major insurance company withdraws from the indemnity market...

Interest rate rises in Labor hands - Feb 10, 2010
THE head of the Reserve Bank has held out the prospect of continuing low interest rates, as long as Labor sticks to its pledge to restrain spending...

Mortgage brokers seek trusting relationship with planners - Feb 09, 2010
Mortgage brokers will increasingly look to join with financial planners as their industries converge...

First home buyers brace for tougher year - Feb 08, 2010
First home buyers will find it harder to get a foothold in the residential property market this year as supply dwindles and interest rates begin to bite, analysts say...

RBA flags further rate rises - Feb 08, 2010
The Reserve Bank expects it will need to impose another three increases in the official interest rate by the end of this year to reduce inflation as the Australian economy strengthens...

Government to pull bank guarantee - Feb 08, 2010
The Federal Government says its guarantee of wholesale funding for banks and other lenders is no longer needed...

Borrowers not off the hook, experts warn - Feb 03, 2010
Homeowners may be welcoming the RBA's decision to keep interest rates on hold, but experts warn it will not be long before the central bank deals more mortgage pain...

Handouts for first-home buyers - Feb 02, 2010
Be it a grant, a boost or a concession, there is helpful cash available to realise the great Australian dream...

Aussie set to lead non-bank lenders - Feb 01, 2010
Aussie Home Loans executive chairman John Symond is positioning the company to dominate the non-bank lending sector despite expectations of up to three more interest rate rises in 2010...

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