3-year fixed home loan rates now at lowest absolute levels in three years. New ABS data shows highest number of fixed home loans written since May 2008. Borrowers need to focus on the gap with variable: could be $1,600 worse off by fixing if variable rates fall further!
More borrowers taking fixed rates, but caution urged while variable rates dropping
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.
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.
RBA stalls, yet home loan rates continue to drop
The RBA may have left the cash rate unchanged at 1.50 per cent at today’s Board meeting, but home loan rates continue to drop with close to 200 cuts 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.