HomeMate.com.au

The Reserve Bank of Australia Board meets today to decide the fate of homeowners home loan rates, and whether to raise interest rates, or to leave them alone. Our tip is that homeowners and home buyers are safe. The RBA will not raise the official cash rate till the picture of the Australian and World [...]

Australian homeowners and renters on hurting over mortgage rates, reduced family support, housing bubble concerns. Maybe we won’t be seeing an interest rate rise in June, even thought its likely and we predicted it last month.

To keep interests low and to provide affordable housing, Australia has to make it a priority to develop residential land, and to build homes to an over supply situation. That will have to mean developing new more efficient methods of developing land and building homes.

Master Builders Australia, the peak building and construction industry, has called on the banks to pass on in full the 100 basis point reduction in the cash rate by the central bank. The group said there is no case for the banks to withhold the benefits of lower interest rates to both households and builders. [...]

The Reserve Bank board has left the official cash rate unchanged at 4.5 per cent,

As Mr Mortgage predicted earlier, the official cash rate has been left unchanged, with the decision announced moments ago.

House prices are topping out in most Capital cities as the constant talk of more hikes in mortgage rates, both from the Reserve bank of Australia and major banks saying that their margins are being eroded in the funds market, and they will be moving to preserve then. Housing Affordability dips as house prices lift [...]

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 [...]