All four of the Australian major banks will increase their standard variable rates by the end of next month. This will give home loan customers a rate rise at a time when the RBA has left the official cash rate on hold.
If you have a variable mortgage with one of the Big Four, now is a great time to review your options and see what better deals are available. Save interest and get out of debt faster
Read MoreWestpac has announced that they will increase interest rates on all variable mortgages by 0.20%. The changes come into effect on November 20th. At this time, it is not known if other banks will follow suit. It seems to be a good time to start considering fixing a portion of our home loans
Read MoreThe Australian Cash Rate is at an all time low! Is now the time to fix your home loan?
The Finance Guy takes a streetonomic look at Australian mortgage rates, and provides some insight into whether or not now is the right time to fix!
In Australia, fixed loans represent only 13.7% of the total lending market. Does this mean that Australians are risk takers?
Read MoreGeneral Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.