Economy

An ASX-listed brokerage has hit back at vertical integration critics in its second retaliation in less than a week.

The average interest rate on all outstanding housing loans has fallen by around 15 basis points since the cash rate was reduced in August 2013.

One of Australia’s major lenders has been fined by the corporate watchdog for misleading home loan advertisements.

Yellow Brick Road has outlined its growth strategy following the acquisition of two mortgage businesses earlier in the year.

Aussie Home Loans has announced its latest competitive offering by dropping its Aussie Select Basic Variable Rate to its lowest rate on record.

Former Liberal leader John Hewson has highlighted the inability of banks to lend beyond residential mortgages.

Strong demand for online mortgages is driving investor interest for Firstmac as it completes its second RMBS transaction in three months.

A new report shows almost half of all homes sold in Australian capital cities over the past year were purchased above the asking price.

Business conditions eased over August and are still significantly lower than pre-GFC levels.

Applications for US home loans fell last week to the lowest levels since December 2000 as interest rates rose for the first time in four weeks.