Number of borrowers fixing their mortgage increased by 53% in September: ABS. This year saw biggest proportion of fixed home loans in 4 years. Fixed rates still falling: still a great time to fix if you’re concerned about rising rates.
More borrowers fixing their mortgage
Further rate hikes a sign of what's to come'
The Commonwealth Bank is the latest lender to lift interest rates for homebuyers looking to fix their home loan, raising rates on a number of fixed products.
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.
Fixed rate war is waged as cash rate remains steady
The RBA has left the cash rate steady at 1.75 per cent at today’s board meeting, but banks have taken matters into their own hands cutting to close to 200 home loan rates in the past month.
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.