Borrowers warned not to get too comfortable as cash rate stays put
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
Borrowers spared interest rate rise
• Reserve Bank keeps the official cash rate at 4.75%
Good news for many homeowners close to “mortgage stress” threshold. RateCity warns borrowers to start preparing for rising rates.
Don’t hold your breath: interest rate rise imminent
Reserve Bank of Australia keeps the official cash rate at 4.50%. But borrowers should expect a rate rise by the end of 2010. What borrowers can do to beat the rate hikes.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.