Talk of a cash rate hike from economists resulting in higher mortgage repayments may have borrowers wondering what they can do today to prepare their household budgets. On Friday, Reserve Bank of Australia (RBA) Governor, Philip Lowe, said that it was “plausible” the official cash rate, which has sat at an historic low of 0.10% […]
Tag Archives: interest rates
Whether you’re a first home buyer or a current homeowner, having a large home loan debt can feel overwhelming – especially with interest rates tipped to increase over the next few years. And with property prices at eye-watering levels across the home loan market, particularly in capital cities like Sydney and Melbourne, keeping your home […]
Leading low-rate lender, Reduce Home Loans, has been awarded five awards for various home loans from comparison website RateCity.com.au. Times have been tough for Australian households, as the impacts of Covid-19 are no-doubt still being felt by many mortgage holders. Because of this, Reduce Home Loans is proud to be in the top 10 per […]
Right now in Australia, there are two things we are sure of: home loan interest rates have never been lower, and times have never been more uncertain. This means many Australians may be wondering if they should ride out the low interest rate wave with a variable home loan rate, or seek out more stability […]
Whether you’re a first home buyer, long-term property investor or just looking to refinance, there’s a lot to think about when choosing a home loan. Most borrowers want to keep repayments low, and many also search for helpful features to aid them in paying down their debt. But did you know the size of your […]
Reduce Home Loans drops rates to historic lows following the RBA rate cut announcement Australia’s Cheapest Home Loan provider reduces its Home Loan rates by the full RBA Cash Rate reduction and slashes rates to 2.44%p.a. (2.47%p.a.*(1) comparison). Today’s RBA announcement saw the first Cash Rate drop for 2020 of 0.25%. The Cash Rate […]
For many of us, home loans tend to be a set-and-forget part of our finances. So what do we do if interest rates get a hike out of the blue? Repayments increase, and disposable income or savings take a hit. Any lender can choose to change their rates at any time for any reason. The […]
RBA Governor Phillip Lowe announces a hold to the official Cash Rate at 0.75% Today’s RBA meeting marks the first of 2020: The official Cash Rate will be held at 0.75%. However, many experts are tipping the rate to drop within the next few months following the ongoing national and global pressures. In a statement, […]
When was the last time you reassessed your mortgage? Guest Author: Graham Cooke, property expert at Finder The home loan market is incredibly competitive. Scores of lenders are vying for customer attention with offers of low interest rates and flexible features. As a borrower, this puts you in an ideal position. If you’re not getting […]
Hottest Home Loan Rates While most banks are not passing the full 0.25% cut to their mortgage rates, Reduce Home Loans is among the non-bank lenders passing on the full cut to those looking to refinance for a better rate. Reduce Home Loans announced that it will be passing the rate cut in full for […]
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