When I was reading the paper on the weekend I can’t say it made my day to see this headline: Warning: Your mortgage is going up. This story was carried by all the major papers across Australia and the headline was enough to make me more than a little concerned, despite having heard that an interest rate rise wasn’t likely until after the election at the earliest. Continue Reading »
If you read about mortgages in the news, then the most topic home loan related topic is definitely interest rates. Sure, we also want to read about different methods of repayment or whether or not we can pay off the loan early, but when it comes down to it, the most popular mortgage stories are clearly centered on interest rate issues. Continue Reading »
Here’s some good news for mortgage holders worried about more interest rate rises in the near future: the banks are all saying that they won’t raise interest rates until after the federal election. Of course, we don’t yet know how soon the federal election could be – late next month is a common tip at the moment – but it could even be later than that, and the later it is, the more reprieve we home loan customers have on increased repayments. Continue Reading »
The experts are trying to make the mortgage situation in Australia sound all optimistic – they think interest rates won’t rise too much and they suggest that plenty of Australians are still able to cope well with an existing mortgage or to enter the home loan market for the first time. But just because Australia may not have been as badly affected by the global financial crisis as many other countries, that doesn’t mean that mortgages are easy for everyone, as news this week makes absolutely clear. Continue Reading »
This week the mortgage news in Australia varies from banks trying not to raise interest rates, to new laws coming in to stop some of the excessive fees we can pay, and on to a mortgage belonging to the Leader of the Opposition, Tony Abbott! In more detail: Continue Reading »
There are lots of interesting tidbits in Australian mortgage news this week, so without further ado: Continue Reading »