Home Loan News
The latest home loans mortgage news and tips
Some of the best home loans in June 2021
The era of record-low fixed rates may be ending, with leading banks starting to increase the rates fixed home loans – first for 4 and 5-year fixed rates, and now for 2 and 3-year fixed rates. However, there are still mortgage deals available to Australians wanting to lock in a low rate, as well as other rewarding options.
Star Gold Home Loan
specialLimited Time Special - Applications must be received by 31/08/2021~ Ends in 3 months
This low interest rate is available for a limited time only to borrowers with more than 40 per cent equity. Plus free redraws and no ongoing fees.
Rising property prices pushing more Australians to take on risky levels of debt
New figures from APRA show value of new home loans with a debt-to-income ratio of six and over climbed to $23.77 billion in March, an increase from 16 per cent to 19 per cent year-on-year as a proportion of new lending.
Home loan cashback deals for June 2021
We may be nearing the end of rock-bottom interest rates as more lenders have started lifting fixed rates in recent weeks. This means that borrowers hoping to nab a competitive home loan offer may need to look to other benefits, such as cashback deals.
Westpac group hikes 2-and 3-year fixed home loan rates
Australia’s second largest bank, Westpac, and its subsidiaries St George, Bank of Melbourne and BankSA, have hiked their 2- and 3-year fixed rates for owner-occupiers paying principal and interest by 0.10 per cent.
Lower rates and fintech: how online lenders have transformed the home loan market in the last decade
RateCity sat down with Marie Mortimer, Managing Director of loans.com.au, one of Australia's first and largest online lenders, to discuss how the home loan market and online lenders have changed in honour of its 10 years in business.
First home buyers down as home lending hits record high of $31 billion
Home lending has hit a record high for the sixth month in a row according to new ABS data. Owner-occupiers led the charge, with the value of loans increasing by $9.48 billion compared to the same time last year. However, the value of first-home buyer owner-occupier loans has dropped for the third month in a row.
UBank cuts fixed rates for end of financial year home loan sale
Just in time for the end of the financial year, UBank has slashed fixed interest rates on selected home loan deals by up to 24 basis points, for borrowers who apply before 30 June 2021.
One in three homeowners fixed mortgage rates in past year
Over one in three homeowners opted to fix their mortgage rates in the past 12 months , according to research from RateCity’s consumer survey. However, Aussies still considering fixing their mortgage may have already missed the boat.
Going, going gone: The last 4-year fixed rate under 2% disappears
Today the last four-year fixed home loan rate under 2 per cent has been hiked, marking an end to ultra-low longer-term fixed rates in Australia. At the start of the year there were 32 four-year fixed rates under 2 per cent, including from three of the big four banks.
What should I ask a lender when I apply for a home loan?
According to a recent survey, eighty-four per cent of Aussies who are yet to buy a property say they need to know more about financial products such as home loans, rates and deposits. With this in mind, it’s important to ask the right questions before you start filling out application forms.
The single parent home buyer scheme: what you should know
As property price growth continues to skyrocket across the country, including in regional areas, single parents may be feeling increasingly locked out of the market. However, the 2021-2022 Federal Budget has thrown single parents a lifeline in the form of a tailor-made scheme: The Family Home Guarantee.