• July 12, 2020

Category: Interest Rates

Just as the property market was getting into its stride, Coronavirus arrived!

Just as the property market was getting into its stride, Coronavirus arrived!

Thankfully the banks and government appear to have stepped up to the plate – one economist calculates that the total economic stimulus offered by the government is the equivalent of an 11 per cent boost…

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A toilet paper run is like a bank run. The economic fixes are about the same

A toilet paper run is like a bank run. The economic fixes are about the same

Alfredo R. Paloyo| The Conversation| 6 March 2020 https://theconversation.com/a-toilet-paper-run-is-like-a-bank-run-the-economic-fixes-are-about-the-same-133065 Panic buying knows no borders. Shoppers in Australia, Japan, Hong Kong and the United States have caught toilet paper fever on the back of the COVID-19…

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Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Are you one of those people who spend hours online or in stores trying to find the best discount on the latest gadget or fashion item? If the answer is yes and you also have…

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Rates heading to 0.25% despite ‘upbeat’ RBA

Rates heading to 0.25% despite ‘upbeat’ RBA

Mortgage Business| 7 November 2019 https://www.mortgagebusiness.com.au/breaking-news/13974-rates-still-heading-to-0-25-despite-upbeat-rba-rhetoric he Reserve Bank remains on track to cut the cash rate twice in the coming months, despite singing a “more upbeat” tune in its statement on monetary policy, according…

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This is how much you can save by switching loans to a smaller lender

This is how much you can save by switching loans to a smaller lender

Mike Bruce| The New Daily| 15 October https://thenewdaily.com.au/money/your-budget/2019/10/15/how-much-you-can-save-switching-loans/ Switching a mortgage from one of the big four banks to the lowest rate on the market will save almost $85,000 over the life of a $400,000…

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0.75% is a record low, but don’t think for a second the Reserve Bank has finished cutting the cash rate

0.75% is a record low, but don’t think for a second the Reserve Bank has finished cutting the cash rate

Peter Martin| The Conversation| 1 October 2019 https://theconversation.com/0-75-is-a-record-low-but-dont-think-for-a-second-the-reserve-bank-has-finished-cutting-the-cash-rate-124499 Anyone who thought that with the Reserve Bank’s cash rate now close to zero, its run of interest rate cuts was over, needs only to read the…

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The RBA is now considering the drastic measure of negative interest rates — meaning you could be paid to borrow money from the bank

The RBA is now considering the drastic measure of negative interest rates — meaning you could be paid to borrow money from the bank

Jack Derwin| Business Insider| 12 August 2019 https://www.businessinsider.com.au/the-rba-is-now-considering-the-drastic-measure-of-negative-interest-rates-meaning-you-could-be-paid-to-borrow-money-from-the-bank-2019-8 Australians could soon be paid to borrow money from banks for the first time in history, as the Reserve Bank of Australia (RBA) says it’s prepared to…

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RBA update: Governor Lowe points to even lower rates

Peter Martin| The Conversation| 9 August 2019 https://theconversation.com/rba-update-governor-lowe-points-to-even-lower-rates-121690 Reserve Bank Governor Philip Lowe has said two things about unemployment in the past few weeks. Together, they lead to an inescapable conclusion. The first was in…

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A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen

Jacob Passy| Market Watch| 13 August 2019 https://www.marketwatch.com/story/a-danish-bank-is-offering-mortgages-with-negative-interest-rates-why-you-shouldnt-wish-for-that-to-happen-in-the-us-2019-08-12 It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank , is now offering a 10-year…

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What the interest rate cut means to your clients

What the interest rate cut means to your clients

Stephen Letts | ABC | 3 July 2019 https://www.abc.net.au/news/2019-07-03/what-the-rate-cuts-mean-for-you/11273500?section=business Who said Australia’s big four banks run an oligopoly? Key points: The big banks have passed on between 80-88 per cent of the two RBA rate…

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