Home Loan News
The latest home loans mortgage news and tips
Some of the best home loans in May 2021
While first home buyers have been active in Australian property markets over the past few months, thanks in part to low interest rates, recent figures have shown that refinancers and investors are starting to take their place. This is understood to be partially due to property prices in some popular areas rising beyond what’s affordable for many first home buyers.
Smart Booster Home Loan Discounted Variable - 1yr
special1.99% variable rate for 12 months then 2.48% variable rate
Interest rates ranked in the best 20%
No ongoing fees
based on $300,000 loan amount for 25 years at 1.99%
Home loan cashback deals for May 2021
Lender's are offering Aussie borrowers a range of cash back deals on sign up, including cash, waived LMI and bonus credit card points. Let’s explore some of the home loan deals on offer for May 2021.
NAB hikes its 4-year fixed rate above 2%: find out which 3 lenders are still left
Australia’s fourth largest lender, NAB, has today hiked its four- and five- year fixed rates by up to 0.25 per cent, following similar moves from CBA and Westpac.
Tic:Toc cuts mortgage rates to encourage refinancing
Tic:Toc is the latest online lender to slash interest rates outside of the traditional RBA cash rate cycle, to encourage refinancing by offering Australia’s lowest fee-free investor variable P&I rate.
Athena cuts interest rates to new low
Online lender Athena has slashed interest rates on its mortgage products for all existing and new customers, to provide Australia’s lowest fee-free variable rate.
Investors surge as first home buyers take a step back
New home loans have surged to a new record high of $30.23 billion in the month of March, according to the ABS lending indicators released today. Investors have led the charge this month, with the value of new loans increasing by $878 million month-on-month.
182 home loan rates under 2 per cent but for how long?
While the RBA remained on hold this month, lenders are starting to hike longer-term fixed rates as they factor in at least one cash rate rise in 2024.
Investor rates stay down across some of Australia’s best investor home loans in April 2021
While much of the recent property market activity has been attributed to first home buyers and other owner occupiers, investors seeking to expand their portfolios may also be looking to take advantage of lower interest rates.
Australia’s lowest four-year fixed rate gone as Westpac hikes rates
Australia’s second biggest bank, Westpac, and its subsidiaries, have today hiked their four- and five-year fixed rates. Westpac isn’t alone, with an increasing number of lenders beginning to hike four-year fixed rates across the market, including Commonwealth Bank and Bankwest.
Bank offering lender’s mortgage insurance payment as Monthly Premium
One lender is swimming against the tide and changing the way buyers pay lender's mortgage insurance. From today, Gateway Bank mortgage customers with a deposit of at least 5 per cent will be offered a choice between standard LMI payment or instead pay a Monthly Premium.
Australia's new lowest home loan rate is 1.67% fixed, how does it stack up?
Lenders are continuing to battle it out to have the lowest home loan rate in Australia, with BCU today offering 1.67 per cent fixed for 1-year. However, after just 12-months it reverts to 4.06 per cent. That’s an increase of $473 a month for the average mortgage holder.