Archive for the Refinancing Home Loans category

Switching Home Loans

The ability to switch loans has become a whole lot easier due to a raft of new measures announced by the government in December. These measures include a raft of reforms that will are designed to "build up" competition in the banking system, which will ensure that interest rates are competitive over...Read more...

Fixed rates on mortgages fall

The benchmark 3 and 5 fixed-rate mortgage rates fell this week, to the lowest level for three months. Further anecdotal reports suggest that mortgages in the most recent surveys had an average total of 0.26 discount and origination points. Fixed mortgage rates have lingered since mid-June because of...Read more...

Smaller Banks have muscle

There is some good news for mortgage consumers and home buyers. Second tier banks are in the capital markets seeking to raise capital to win back market share from the Big Four. Australia's Big Four banks have spent millions of dollars over recent months and latest data shows it's paying off. The push...Read more...

Refinancing Cost to Plummet

A week may be along time in politics but if this last week is any indication, consumers of financial products are in for some windfalls. First was the news that the government is planning to cut bank fees on home loan switching that make it difficult for borrowers to chase better mortgage deals. Hot...Read more...