What an RBA rate hike could mean for borrowers

The RBA could hike the cash rate tomorrow to the highest level since November 2011 in its 13th move to rein in inflation since May of last year.

ANZ hikes fixed rates

ANZ, Australia’s fourth largest bank, has hiked fixed rates by up to 0.35 percentage points for both owner-occupiers and investors on 1- to 5-year terms.

Cashback exodus rattles refinancing market + investors ramp up new lending in time for spring

The value of refinanced mortgages plummeted in the month of September, dropping to $18.53 billion, the lowest level in almost a year.

CBA increases interest rate on select credit cards

CBA, Australia’s largest bank, has increased the interest rate on a range of credit cards by up to 1.25 percentage points.

Household deposits continue to soar as Australians squirrel money away

Household deposits hit a new record high of almost $1.42 trillion in September, despite pressure from the rising cost of living and 12 RBA hikes.

NAB hikes its basic variable rate for new customers

NAB, Australia’s third largest home loan lender, has today increased the rate of its basic variable mortgage by 0.10 percentage points for new customers paying principal and interest.

All big four bank teams now forecast rate hike in November

All big four bank economic teams are now forecasting a rate hike at the next RBA meeting on 7 November, with Westpac announcing a change to their call this morning.

CBA, ANZ change cash rate call to hike after CPI figures

The annual Consumer Price Index has clocked in at 5.4 per cent for the September quarter, fuelling the possibility of another rate hike as soon as Tuesday 7 November.

CBA opens the door to investors with small deposits

CBA has, this week, extended its home loan book to include investors with as little as 5 per cent deposit, provided these borrowers commit to paying principal and interest.

The highest savings rates take a tumble despite no RBA hike

Bank of Queensland and ME Bank have both sliced their high interest savings accounts in an out-of-cycle rate cut.