Tuesday, July 6th, 2010
The Reserve Bank has opted to keep interest rates steady at its board meeting today.
It was a widely expected move and will give mortgage holders another welcome breather from the six rate hikes they have endured since September last year.
"It looks as though the earlier interest rate hikes are already ...
Posted in RBA Interest Rates | No Comments »
Tuesday, April 6th, 2010
8 out of 15 economists had predicted what almost the entire country was certain of happening today - The Reserve Bank Of Australia raising interest rates by another 0.25% to 4.25%.
With a decline in inflation and the appearance of unemployment having peaked at lower than expected levels quoted as being ...
Posted in RBA Interest Rates | No Comments »
Tuesday, March 2nd, 2010
As expected, the Reserve Bank of Australia has today raised interest rates once again, after stronger than expected house sales, a drop in unemployment to 5.4% and other dominating factors indicating a significant improvement in the economy.
"With the risk of serious economic contraction in Australia having passed, the Board ...
Posted in Interest Rate Updates | No Comments »
Tuesday, August 4th, 2009
Ahead of the Reserve Banks announcement this afternoon regarding interest rates, where they are expected to hold at current levels once again, yesterday Westpac Bank decided to increase it's fixed interest rates by quite a substantial amount.
All of the fixed term mortgage rates offered by Westpac have risen by between ...
Posted in Interest Rate Updates | No Comments »
Tuesday, May 19th, 2009
For those of you who haven't already noticed, we have added a nifty little new feature to our site - the ability to quickly view whether an updated interest rate has moved up or down. This can be seen from any page on our site that lists interest rates, such ...
Posted in Site Updates | No Comments »
Friday, February 20th, 2009
It never ceases to amaze me how quickly banks will raise mortgage rates when the official cash rate goes up (in some cases even before!) and yet how slow those very same banks are to pass on a rate saving to the customer.
I noticed after the last reserve bank announcement ...
Posted in Interest Rate Updates | No Comments »