Mortgage interest rates on home loans continue to fall, as Aussie, Greater Bank, and Bendigo & Adelaide Bank make fixed and variable home loan rate cuts.
Many young Australians are “blindly optimistic” they will eventually own a home despite stagnant wage growth, worsening affordability, and not actively planning for homeownership, a new report shows.
While the Reserve Bank of Australia (RBA) decided to keep the cash rate steady at its recent meeting, that hasn’t stopped a number of lenders from cutting their fixed home loan rates.