Home Loans Mortgage News

Home loan hikes continue as ANZ joins CBA and Westpac raising fixed rates

The fixed home loan rate hikes keep coming with ANZ today following the lead of CBA and Westpac by raising rates.

Millions of borrowers sitting on growing mountain of equity

Soaring house prices might be a thorn for first home buyers, but the property boom in recent years has seen existing borrowers’ equity skyrocket.

TMD

Basic Variable Rate (Flexi First Option)

Cashback

Refinance and get $3,000 cashback for new Owner Occupier and Investment Loans. Apply by 30 November 2021 and settle by 28th February 2022. Terms and Conditions apply.*

Lower than average interest rateNo upfront or ongoing fees

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Advertised Rate

2.09

% p.a

Intro 24 months

Comparison Rate*

2.52

% p.a

View Now Westpac terms and conditions

Refinance and get $3,000 cashback for new investment and owner-occupier loans. Terms apply.

Westpac follows CBA and hikes fixed rates

Westpac has today followed CBA’s lead and hiked fixed home loan rates.

How to keep your rental costs low in 2021

Struggling to juggle the cost of rental prices with the added financial stress of COVID-related restrictions and lockdowns? There are options available to you to potentially lower your rental costs in 2021.

CBA home loan shake-up: lowest variable rate now 2.29%

The escalating war on variable home loan rates has today intensified with CBA and ING taking the knife to these rates.

Some of the best home loans in October 2021

With the Reserve Bank of Australia (RBA) committing to keep the cash rate on hold for the next few years, and mortgage lenders continuing to slash interest rates, regulators are taking steps to limit risky borrowing and cool overheated property prices.

One in ten first home buyers received government assistance last year

New findings from the second annual First Home Loan Deposit Scheme Trends & Insights Report found one in ten first home buyers made use of the two major government schemes, with the government guaranteeing more than $1.4 billion in deposit shortfalls.

New home loan stress test – how much less Australians will be able to borrow

The maximum amount Australians can borrow from the bank to buy a property is set to drop, as APRA tightens lending rules. Banks need to check if people can repay their loan at 3% more than their current interest rate, or the ‘floor’ rate set by the bank – whichever is higher.

No move expected from the RBA, but banks keep chipping away at variable rates

Variable rates continue to fall, with 27 lenders cutting at least one variable rate in the last month.

Lockdown puts the brakes on new home lending but mortgage sizes blowout

Analysis of the latest ABS data by RateCity.com.au shows the average new loan in NSW and Victoria has risen by more than $100,000 in just a year.

How APRA caps could impact how much Australians can borrow

Consumer advocate RateCity.com.au welcomes news APRA is considering changes to address the increasing risk in Australia’s home lending market.

Records slashed as the lowest rate home loan drops to 1.59 per cent

Greater Bank has thrown down the gauntlet to its competitors, cutting its 1- and 2-year fixed mortgage rates to 1.59 per cent – a new record low.