Home Loan News

How the big four banks responded to the RBA rate cut

All of the big four banks have announced cuts to their home loan interest rates after the Reserve Bank of Australia (RBA) dropped its cash rate to a record low of 1% yesterday.

By Emma Duffy ● July 03, 2019

RBA rate cut July: Who’s passing on another cut?

For the second month in a row, Australia’s cash rate has been cut, but fewer banks and lenders are expected to fully pass on this month’s cut to home loan interest rates. Savings.com.au will keep you updated with the latest rate cut announcements.

By Dominic Beattie ● July 02, 2019

RBA cuts interest rates two months in a row

The Reserve Bank has continued to shake up the status-quo, cutting the official cash rate by 25 basis points for the second consecutive month in a bid to stimulate the economy.

By William Jolly ● July 02, 2019

New Banking Code of Practice increases consumer protections

The banking rule book has been thrown out the window, with the new ASIC-approved Banking Code of Practice to come into effect today.

By William Jolly ● July 01, 2019

Resurgence in share market lifts household wealth

Australian’s household wealth lifted in the March quarter as a resurgent share market offset continued property price falls.

By Emma Duffy ● June 27, 2019

First home buyers feel the pressure when applying for a home loan

More than half of all first-home buyers feel stressed when applying for a home loan, according to new research.

By William Jolly ● June 25, 2019

Mortgage arrears rising, but RBA says it poses no stability risk

The Reserve Bank believes the number of homeowners falling behind on their mortgages could keep rising for some time, but not to dangerous levels that would threaten Australia’s financial stability.

By Emma Duffy ● June 18, 2019

ME Bank, Loans.com.au, UBank and others cut fixed home loan rates

In addition to the many variable home loan rate cuts seen in the wake of the Reserve Bank’s decision to lower the cash rate, a number of lenders have also made big rate reductions to fixed home loan rates.

By William Jolly ● June 18, 2019

Westpac overhauls first home buyer mortgage offering

Westpac has revamped its first home buyer offering by introducing new owner-occupied products and removing some of their fixed rate investment loans.

By Emma Duffy ● June 13, 2019

Smaller banks may be hit by new tax hike, customers could pay

The Treasury has proposed new bank levies which could cause smaller banks to pay more and big banks to pay less.

By William Jolly ● June 06, 2019

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