Home Loan News

Bank extends fee waiver for low-rate mortgage

Bank Australia will continue to waive the $595 establishment fee on its variable Basic Home Loan for another three months.

Banks lift interest rates, even with RBA on hold

A range of lenders have made out-of-cycle rate hikes, blaming the interest rate rises on increased funding costs.

Banks rake in $4.5 billion in fees

Major banks have charged customers an eye-watering $4.5 billion dollars in bank fees an increase of $133 million on the previous year, according to latest figures released from the Reserve Bank of Australia.

Banks tighten the screws on small-deposit mortgages

New research from RateCity shows banks have put the brakes on lending to people with small deposits, slashing the number of mortgage products with a maximum loan-to-value ratio (LVR) of 95 per cent in the past three years.

28 years since rates were at 17 per cent; are we any better off?

Affordable city units still exist

Sydney is the only capital where it’s almost impossible to buy an apartment in the heart of the city for less than $500,000, new research has found.

ANZ cuts investment mortgage rates

ANZ has dropped the fixed interest rates on selected residential investment home loans, including principal and interest, interest only and interest in advance options.

Average home loan rates and fees fall in April

Australia’s home loan marketplace may be becoming slightly more affordable, with average mortgage interest rates and fees falling across RateCity over the month of April.

APRA throws a lifeline back to property investors

Today’s announcement from APRA to remove the investor loan growth benchmark will see some banks cut investor rates to lure back more investors into the lucrative sector.

ME Bank raises home loan rates for existing customers

ME bank is the latest Australian bank to hike home loan rates after Suncorp Bank, State Custodians and loans.com.au raised the majority of their variable rates over the past month.