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Economy

Half of mortgagors fear financial stress through illness
7 April 2017
mortgagebusiness

Forty-eight per cent of home loan holders in Australia are deeply concerned that being diagnosed with a serious illness could adversely impact their ability to service their home loans.

IO crackdown may have “bigger impact on owner-occupiers”
5 April 2017
mortgagebusiness

APRA's recent tightening on interest-only loans is likely to “have a bigger impact on lending to owner-occupiers than on investors”, according to ratings analysts.

Major bank to improve security with voice biometrics
5 April 2017
mortgagebusiness

A big four bank has announced that it will be the first Australian lender to introduce voice biometrics to improve the security on mobile devices while processing higher value transactions

Non-major increases rates on investment loans
4 April 2017
mortgagebusiness

A Queensland-based bank has announced that reference rates for investment home loans will increase by 13 basis points from tomorrow, and the maximum LVR on new investment loans will decrease

RBA makes cash rate call - April 2017
4 April 2017
mortgagebusiness

The Reserve Bank of Australia has revealed the decision of today’s monthly board meeting.

Shock RBA move on rates
4 April 2017
mortgagebusiness

The Reserve Bank of Australia has stunned industry pundits with the decision of today’s monthly board meeting.

Surprise RBA decision on rates
4 April 2017
mortgagebusiness

The Reserve Bank of Australia has stunned industry pundits with the decision of today’s monthly board meeting.

RBA tipped to hold rates today - April 2017
4 April 2017
mortgagebusiness

The Reserve Bank is likely to keep the official cost of borrowing at its record low of 1.5 per cent when it meets today, according to a chief economist and a property industry executive.

Prudential policy ‘greatest concern’ for mortgage market
3 April 2017
mortgagebusiness

The “implications of prudential policy on capital pressuring prices” is the biggest concern for the mortgage market in 2017, according to new research from financial services provider ...

CPI tipped to lift to 2%
3 April 2017
mortgagebusiness

A major bank forecasts headline CPI for Q1 to rise to 2 per cent, however expects core inflation to remain below the policy target band and not return to target until mid-2018.