Home Loans Mortgage News

Home loan cashback deals for January 2022

Explore some of the cashback offers available to new and refinancing home loan customers for January 2022, including waived lender’s mortgage insurance and Qantas frequent flyer points.

How much could your mortgage payments cost if interest rates rise?

New figures from the Australian Bureau of Statistics (ABS) show a 3.5 per cent jump in inflation over the past year. If rising inflation forces the Reserve Bank of Australia’s (RBA’s) hand into increasing the national cash rate, what could this mean for the household budgets of Australia’s mortgage holders?

TMD

Fixed Rate Home Loan (P&I) 2 Yrs (LVR ≤ 80%)

Interest rates ranked in the best 20%Extra repayments and redraw facility

Interest Rate

2.27

% p.a

Fixed - 2 years

Comparison Rate*

2.69

% p.a

View Now IMB Bank terms and conditions

Lock in your rate for two years, and make extra repayments up to 12 months in advance without penalty (fees apply after this)

Westpac first big four bank to hike fixed rates in 2022

Westpac is the first big four bank to hike fixed rates in 2022 but certainly won’t be the last. We expect other banks to follow within days on the back of sharp increases to the cost of wholesale funding.

Borrowers could pay $427 a month more in 2 years, if Westpac forecast realised

The average mortgage holder could end up paying $103 more in monthly repayments on their home loan by the end of this year, and $427 a month more by March 2024, should Westpac’s cash rate forecast be realised.

ANZ cuts its basic variable rate in a bid for new customers

Australia’s fourth largest bank, ANZ, has today cut rates on its basic variable home loan by up to 0.20 per cent.

Athena Home Loans slashes mortgage rates to 1.89%

In a time when home loan lenders are hiking interest rates left, right and centre, Athena Home Loans has bucked the trend by slashing its variable home loan rate to a low of 1.89%.

Number of suburbs with house values over $1m revealed

If property prices in your neighbourhood seem to be climbing higher and higher, you’re not alone. Over 300 Australian suburbs joined the growing list of areas with median house values of over $1 million, making the Great Australian Dream out of reach for many first home buyers.

How could a property peak affect your home loan?

With Australia’s owner occupiers taking out bigger home loans, and signs pointing to national housing values potentially approaching a peak, what risk could home owners face if they were to come face to face with a downturn in the future?

New home loan values reach record highs across Australia

The national average mortgage size for owner-occupiers has reached a record high of $595,568 according to new ABS data. Records were broken in every state and territory except WA.

Australia’s lowest fixed rate of 1.59% is now gone: what’s in store for 2022?

The lowest fixed home loan rate on record has hiked today, ending an era for ultra-low rates.

Homeowners almost 4-years ahead on mortgage repayments

Homeowners across Australia are almost four years ahead on their home loan repayments on average, thanks to low interest rates and forced-savings habits from COVID-19.

How to switch and save in 2022

It’s important to use the best financial products and services for your personal situation. But since our personal situations have likely changed significantly over the past two years, how can you be confident that your previous choices are still up to date?