Cash rate likely to pause at 3.50%. Standard variable home loans at 2-year low: what should borrowers do with the rate cuts?
RateCity's Reserve Bank Rate Alert, July 2012
Variable rates to push below 3.5% in August, first time on record
Variable home loan rates are set to dip below 3.5 per cent this month – the lowest on record – following today’s decision by the Reserve Bank to cut the cash rate to 1.50 per cent.
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.
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.
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.