May 17, 2024
Mortgage

Hope springs eternal for mortgage rate market after Powell’s comments

TOPSHOT-US-ECONOMY-RATE-INFLATION United States Federal Reserve chair Jerome Powell gave the mortgage rate market hope this week. Despite robust U.S. economic numbers, it’s “unlikely that the next policy rate move will be a hike,” he told reporters Wednesday. Government yields took the hint, diving lower across the board. That’s good news for fixed rates in the

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Loans

Home loan ‘opportunity’ gives instant interest rate cut and $3,299 savings

The majority of Aussies have their home loan with one of the Big Four banks but a simple switch could see them score big savings. The kicker? These savings are just “a step removed” from their current lender. Commonwealth Bank, Westpac, NAB and ANZ customers are paying a premium of up to 0.75 percentage points,

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