Home Loans

  Will our lowest home loan rates continue? In my opinion, yes, but for how long is the million dollar question. Right now, we have the lowest home loan rates for decades and there are no signs of home loan rates rising in the next 6 months, possibly even 12 months.  If you are one to watch mortgage rates and what they are going to do over the next few years then here are some resources to help you keep an eye on mortgage rates, and maybe you can come up with your own answer on will our lowers home loan [...]

  We have seen the lowest mortgage rates for decades, and I do not recall the Official Cash Rate ever being this low.  They will most likely reduce again in the next 90 days but this is not guaranteed, but you can read more about further cuts here. So how can you take advantage of the lowest mortgage rates in years? Here are my top 3 tips which will help you position yourself to take advantage of these and to improve your long terms financial position. If your bank has reduced your payment to reflect a lower interest rate, then [...]

If you are a homeowner, or prospective homeowner, then understanding how interest rates work is going to be valuable to you when making financial decisions.  You should have some understanding about them, as they impact you, your family, your job and pretty much most things you do. Who sets the interest rates? It is the banks who set the interest rates and they determine what rate they lend money out to borrowers.  There are a number of factors which banks consider when they are setting current rates, and this list is in no means exhaustive, but some of them are; [...]