Home Loans Mortgage News

Home loan cashback deals for December 2021

The days of the rock bottom interest rate may be coming to an end, so what can homeowners do to ensure their home loan stays competitive? It may be worth considering a cashback offer.

Investors continue their comeback, as owner-occupiers retreat

The value of new home lending has fallen for the third consecutive month, according to today’s ABS lending indicator data.

TMD

Fixed Rate Home Loan

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

Interest rate

2.07

% p.a

Fixed - 2 years

Comparison Rate*

2.90

% p.a

Real Time Rating™

Monthly Repayment

$1,119

based on $300,000 loan amount for 25 years at 2.07%

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NAB lifts fixed rates: last big four rate under 2% now gone

Australia’s third largest bank, NAB, has today hiked fixed rates for the third time in just over five weeks – closing the door on the last big four rate under 2 per cent.

CBA hikes fixed rates 3 times in 6 weeks

CBA increased its owner-occupier fixed rates by up to 0.30 per cent, while investor fixed rates rose by up to 0.60 per cent.

Westpac shuts the door on rates under 2%

Westpac has today discontinued its introductory variable rate of 1.99 per cent. The bank now has no rates under 2 per cent.

Some of the best home loans for investors in November 2021

It’s not yet completely clear what Australian property investors can expect over the next few years. While some analysts are forecasting another year of rising house prices before a fall in 2023, there are still a lot of unknown factors to consider that could affect how things shake out.

House price growth to slow by 2023 according to CBA

The forecast return of a rising cash rate is expected to slow the meteoric rise in property values around Australia, according to a new report from the Commonwealth Bank of Australia. However, improved wage growth combined with the return of international immigration should help prevent a house price freefall.

Brokers report non-major banks growing in popularity

A rising number of home loan applications have been submitted to non-major banks indicating Aussie appetite for mortgage lenders outside of the big four may be rising, according to findings from the latest Broker Pulse survey.

Westpac hikes fixed rates for 3rd time in a month

Like CBA and ANZ, Westpac now has no advertised fixed home loan rates under 2 per cent.

Does rent-to-own exist for Australian home owners?

If you can comfortably manage your rent payments, you may feel you could manage the repayments on a mortgage just as easily. However, many Australian renters have had their home ownership dreams frustrated by the challenge of saving a deposit on a home loan. Rent-to-own programs could theoretically offer an alternative route to home ownership, but are they worth the risk?

How much would it cost to live in a celebrity home?

When it comes to the lifestyles of the rich and famous, we can’t help but wonder just how they spend on their enviable homes, or how much the mortgage repayments would be on those massive price tags.

ANZ joins the race to hike fixed rates

Australia’s fourth largest bank, ANZ, has hiked its fixed rates for the second time in three weeks.