Source expert help from your local mortgage broker prior to making an offer on any property; your Loan Market mortgage broker has access to every major bank and secure lender in Australia, and can assist you to find an appropriate home loan.
More borrowers are opting to take out fixed rate mortgages with the number of fixed rate loans being sold by banks in June, climbing from an all time low of 1.9 per cent of all loans sold back to about 8 per cent of all loans in June.
The number of fixed rate loans may continue to grow despite most banks increasing their fixed mortgage rates over the last few months.
“On top of speculation that the official cash rate already has bottomed, there's widespread concern that the banks themselves will continue to raise their variable rates independent of the ...
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Categories: Home Loans and Mortgages. Tags: Fixed Rate Loans, Fixed Rate Mortgages, Variable Rates.
The number of mortgage holders switching to fixed home loan rates is on the rise as home owners spooked by the prospect that interest rates may have bottomed out and could rise, make the switch.
But although the number of fixed-rate loans hit a 10-month high in May, mortgage experts believe people are not panicking and it's too early to tell if the Reserve Bank of Australia (RBA) has finished cutting rates.
ABS data shows that fixed-rate home loans rose in May to account for 6.5 per cent of the home loan market, up from 4.2 per cent ...
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Categories: Home Loans and Mortgages. Tags: Fixed Home Loan Rates, Fixed Rate Loans, Home Loan Interest Rates, Interest Rates.
