HomeMate.com.au

Kevin Rudd, Australia’s Prime Minister is to announce his mortgage relief plan that will freeze mortgage payments for up to 12 months for financially stressed homeowners.?

A massive one percent interest rate cut this week, on top of the two previuos big rate cuts has made more than 43,000 home borrowers Australia’s biggest losers. And they only have themselves to blame for not listening to Mr Mortgage. The costs of exiting an average fixed-rate mortgage jumped to $18,000 because break fees for [...]