The House of Representatives Standing Committee on Economics will hear from ME Bank via videoconference today, as a part of an ongoing review into major banks and financial institutions.
ME Bank outraged customers and caught the eye of regulators when it made changes to redraw facilities last week - changes which the bank is now allowing customers to reverse.
New research shows Aussies are feeling positive about the property market and are confident prices will rise, which could spell the end for first home buyers to buy ‘at the bottom’ of the market.
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.
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.