Making news this week (week ending 10 June)

You can read the full stories here: 

Major banks pass on 50-bp rate hike 

The big four banks have all announced that they will increase home loan variable interest rates by 0.50 per cent per annum for new and existing customers.

New home loans sink across board over April: ABS 

Owner-occupier and investor loan commitments fell over the month, affirming earlier predictions of a cooling housing market.

NHFIC names five more lenders to FHLDS

The housing corporation has confirmed that five more non-major lenders will be able to offer the Australian government’s deposit scheme.

Majority of ANZ mortgage hurdles still checked manually

ANZ’s retail head has revealed there are more than 1,300 obligations the bank must clear before approving an average mortgage – but many are still assessed by hand.

Kate Aubrey is the senior content producer of Momentum Media's mortgages titles: The Adviser and Mortgage Business.

Prior to joining Momentum Media, Kate covered regional and breaking news for ABC Radio for more than three years.

She has a Master of Arts in Journalism from the University of Melbourne and a Bachelor of International Business and Business Management from Griffith University.

Email Kate at: This email address is being protected from spambots. You need JavaScript enabled to view it.