Laine Gordon

Records slashed as the lowest rate home loan drops to 1.59 per cent

Greater Bank has thrown down the gauntlet to its competitors, cutting its 1- and 2-year fixed mortgage rates to 1.59 per cent – a new record low.

NAB hikes fixed rates

Australia’s third largest bank, NAB, has today hiked fixed rates by up to 0.30 per cent for terms of 3 years and above.

Aussies slash credit card debt by $1.11 billion in lockdown

The national credit card debt accruing interest has fallen to its lowest level in almost two decades as Australians move to wipe debt in lockdown.

Variable home loans – the new battleground for banks

While fixed home loan rates are largely on the rise, an increasing number of lenders are cutting variable rates in a bid to win new customers.

External refinancing soars as first home buyers drop like flies

The value of external refinancing has hit another high in the month of July as mortgage holders chase better home loan rates.

CBA gives its popular savings accounts yet another haircut

Australia’s biggest bank, CBA, has today cut its savings rates by up to 0.07 per cent.

CBA StepPay launches today – how it stacks up in a crowded BNPL market

Australia’s largest bank, CBA, has today launched its new buy now, pay later service, ‘StepPay’.

CBA hikes 2- and 4-year fixed rates

Australia’s biggest bank, CBA, has today hiked its 2- and 4- year fixed rates by 0.05 per cent for owner-occupiers paying principal and interest.

Refinancing record: over $16 BILLION switched in June

While the value of new loans dipped this month, refinancing has skyrocketed to an all-time high in June.

Don’t ask, don’t get: 3 out of 4 mortgage holders who asked for a rate cut, got one 

Almost three-quarters of variable borrowers who asked for a rate cut, got one, a new survey has found.