Home Loan News

ANZ hikes 4- and 5-year fixed home loans but cuts 2-year rates

ANZ has today hiked its 4- and 5- year rates by up to 0.45 per cent for owner-occupiers paying principal and interest. However, the big four bank has also shaved its 2-year fixed rate by 0.10 per cent.

What should I ask a lender when I apply for a home loan?

According to a recent survey, eighty-four per cent of Aussies who are yet to buy a property say they need to know more about financial products such as home loans, rates and deposits. With this in mind, it’s important to ask the right questions before you start filling out application forms.

Some of the best home loans in May 2021

While first home buyers have been active in Australian property markets over the past few months, thanks in part to low interest rates, recent figures have shown that refinancers and investors are starting to take their place. This is understood to be partially due to property prices in some popular areas rising beyond what’s affordable for many first home buyers.

Athena cuts interest rates to new low

Online lender Athena has slashed interest rates on its mortgage products for all existing and new customers, to provide Australia’s lowest fee-free variable rate.

182 home loan rates under 2 per cent but for how long?

While the RBA remained on hold this month, lenders are starting to hike longer-term fixed rates as they factor in at least one cash rate rise in 2024.

Australia’s lowest four-year fixed rate gone as Westpac hikes rates

Australia’s second biggest bank, Westpac, and its subsidiaries, have today hiked their four- and five-year fixed rates. Westpac isn’t alone, with an increasing number of lenders beginning to hike four-year fixed rates across the market, including Commonwealth Bank and Bankwest.

Bank offering lender’s mortgage insurance payment as Monthly Premium

One lender is swimming against the tide and changing the way buyers pay lender's mortgage insurance. From today, Gateway Bank mortgage customers with a deposit of at least 5 per cent will be offered a choice between standard LMI payment or instead pay a Monthly Premium.

Australia's new lowest home loan rate is 1.67% fixed, how does it stack up?

Lenders are continuing to battle it out to have the lowest home loan rate in Australia, with BCU today offering 1.67 per cent fixed for 1-year. However, after just 12-months it reverts to 4.06 per cent. That’s an increase of $473 a month for the average mortgage holder.

Some of the best home loans in April 2021

Despite the Reserve Bank of Australia (RBA) having not lifted the national cash rate in over a decade, many mortgage lenders are aggressively competing for business from borrowers. But while many borrowers will go looking for the home loans with the lowest interest rates, it’s important to also consider which home loans offer the fees, features and other benefits that could offer greater value for your financial situation.

Over 1 million homeowners have never experienced an RBA hike

While the Reserve Bank has left the cash rate unchanged at 0.10 per cent today, a rate hike is on the horizon in 2024 – the same time many homeowners will be coming off a 3-year fixed rate.